• 806 days Will The ECB Continue To Hike Rates?
  • 806 days Forbes: Aramco Remains Largest Company In The Middle East
  • 808 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,208 days Could Crypto Overtake Traditional Investment?
  • 1,212 days Americans Still Quitting Jobs At Record Pace
  • 1,214 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,217 days Is The Dollar Too Strong?
  • 1,218 days Big Tech Disappoints Investors on Earnings Calls
  • 1,219 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,220 days China Is Quietly Trying To Distance Itself From Russia
  • 1,221 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,225 days Crypto Investors Won Big In 2021
  • 1,225 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,226 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,228 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,228 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,232 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,232 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,232 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,235 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