Chart Check: Major Indices, Dollar,Treasury Bonds

Chart Check: Major Indices, Dollar,Treasury Bonds

The sell-off today saw the S&P 500 test the support zone in the 2130 to 2015 range on the daily chart. It was able to manage a small recovery in the final 90 minutes of trading, but it was minimal…

High Yield Back in Favor

High Yield Back in Favor

The iShares High Yield Corporate Bond Fund (HYG) broke above an intermediate term downtrend line and made a modest new higher high.

TBT Golden Cross

TBT Golden Cross

The ProShares UltraShort 20+ Year Treasury (TBT) fund has continued higher since breaking above the rim line of a cup and handle pattern that formed this year, and now the 50 day moving average crossed above the 200 day average.

Inverse Head and Shoulders Bottom on the 10 Year Yield Chart

Inverse Head and Shoulders Bottom on the 10 Year Yield Chart

It looks like an inverse head and shoulders pattern formed on the 10 Year Treasury Note Yield weekly chart. This is a fairly reliable bottoming formation. If nothing else, the second in a series of higher lows was made this…

Biotech at Channel Top

Biotech at Channel Top

Biotech iShares (IBB) are bumping up against channel resistance.

LinkedIn a Long Candidate

LinkedIn a Long Candidate

I have been following the price action of LinkedIn (LNKD) closely over the last several months (please search on the home page). In particular, the clusters of high wick candles that appeared in April and March, and the confluence of…

TBT Repeats 2013 Bullish Patterns

TBT Repeats 2013 Bullish Patterns

The ProShares UltraShort 20+ Year Treasury (TBT) fund is testing the rim line of a cup and handle formation that formed on the weekly chart over the last seven months. A successful break projects a pattern price target into the…

Bond Yield Base?

Bond Yield Base?

There is a consensus building that bond yields may be forming a bottom and are headed higher over the intermediate to long term. The weekly chart of the ProShares UltraShort 20+ Year Treasury (TBT) shows the ETF breaking above an…

TBT and TLT Charts

TBT and TLT Charts

The market is coming to terms with the increasing possibility of interest rates moving higher sooner, rather than later. The weekly chart of the iShares Barclays 20+ Treasury Bond Fund (TLT) shows the recent formation of a series of wide-range…

TIPS - Large Triangle Pattern

TIPS – Large Triangle Pattern

In a CNBC interview this afternoon, Bill Gross suggested TIPS as an investment idea. The weekly chart of the iShares Barclays TIPS Bond Fund (TIPS) shows the 10 week (50 day) moving average crossing above the 40 week (200 day)…