• 509 days Will The ECB Continue To Hike Rates?
  • 509 days Forbes: Aramco Remains Largest Company In The Middle East
  • 511 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 911 days Could Crypto Overtake Traditional Investment?
  • 916 days Americans Still Quitting Jobs At Record Pace
  • 918 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 921 days Is The Dollar Too Strong?
  • 921 days Big Tech Disappoints Investors on Earnings Calls
  • 922 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 923 days China Is Quietly Trying To Distance Itself From Russia
  • 924 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 928 days Crypto Investors Won Big In 2021
  • 928 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 929 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 931 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 932 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 935 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 936 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 936 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 938 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Is the Top Finally In For US 30 Year Bonds?

After hitting my long awaited target, the reversal we have seen over the past 12 months strongly suggests a multi-decade top is now in for bonds.

US Treasury Bond Chart 1
Larger Image

Looking at the internal structure of bonds, I suspect it's close to a decent bounce, so those that are short bonds (or long TBT) probably want to move your stops lower, as a decent bounce for wave 4 of [3] can see 137, that's a nasty move if you get short the lows.

Getting short near the lows is a dangerous method, as most times it tends to reverse and squeeze the bears that are late to the party.

In order to change the complexion of the decline, the bulls would need a move above 142; any bounce that stays below 137.50 (especially if a weak looking corrective advance) is a sell.

US Treasury Bond Chart 2
Larger Image

Long term it sure looks like a major high in place, so target the 100.00 area.

US Treasury Bond Chart 3
Larger Image

 

Back to homepage

Leave a comment

Leave a comment