This chart displays some convincing reasons to be long treasuries in a portfolio. Bonds and stocks could trade higher (together) over the long term... but treasuries are generally a safe haven asset that provide a good hedge against downside. Regardless of the implication, the price action in treasuries screams bullish to me.
Over 150 today! Coming into a major decade long TL near 152-153. Nice trade if took the setup
Another Monday and another make it or break it level, this time with UST10 futures at $132:- --> $ZN1! is making at 3rd attempt to test overhead resistance at $132. Why is this a crucial resistance? This resistance line is created by joining the 2012 and 2016 peaks. If you recall, 2012 and 2016 marked the troughs for the European Debt Crisis (& started...
More sideways is highly highly unlikely. Boom or bust! US market cap to GDP 157% (LOL). Perhaps the most ridiculous thing of the last 11 years is when the moving monkeys on CNBC repeat "this time is different". For that to be true, the market should have no problem going to 180% of GDP. Think about that. Good luck. Yields rise, it tightens credit conditions....
Consolidation may be required before higher
ANALYSIS NUMBER 42 Positive convergence with gold index Contrary to stock index
10 YR Note futures just don't look bearish to me. Still in a rising channel, above 61.8 Fib retracement, pushing up from bullish wedge. $ZN Am I missing something?
If not still there, 127 area is next $ZN_F, $TNX
Here is the situation that resembles gold and silver. It is early to speak of a complete negativity, only a loss of power in the positive region. The RSI channel is in a strong image. It's a little early for the short. There are new hills up there. I need at least stochrsi's approval for the long. I think the bottom of the middle band for the short position. This...
Trade ideas for the day published at European open