• 326 days Could Crypto Overtake Traditional Investment?
  • 331 days Americans Still Quitting Jobs At Record Pace
  • 332 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 336 days Is The Dollar Too Strong?
  • 336 days Big Tech Disappoints Investors on Earnings Calls
  • 337 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 338 days China Is Quietly Trying To Distance Itself From Russia
  • 339 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 343 days Crypto Investors Won Big In 2021
  • 343 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 344 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 346 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 346 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 350 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 351 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 351 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 353 days Are NFTs About To Take Over Gaming?
  • 354 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 357 days What’s Causing Inflation In The United States?
  • 358 days Intel Joins Russian Exodus as Chip Shortage Digs In
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

TLT Update...US Bonds and Gold an Odd Couple

Lets start by looking at a weekly chart for TLT, 20 year bond etf, which shows it built out a H&S top last summer. That H&S top is a reversal pattern that showed up at the end of its bull market which has been ongoing for many years. There is a big brown shaded support and resistance zone that has been offering support.

TLT Weekly Chart
Larger Image

This next chart is a 15 year monthly look at the TLT which shows it has built out a four year 5 point bearish rising wedge which broke to the downside in November of last year. If there is a backtest it would come in around the 129.75 area.

TLT Monthly Chart
Larger Image

TMV is a 3 X short the TLT.

TMV Weekly Chart
Larger Image

This last chart is a combo chart which has the TLT on top and GLD on the bottom. It’s not a perfect correlation by any means but these two have been moving together pretty consistently over the last year or so. GLD is currently backtesting its neckline and a support and resistance line going back a year and a half or so. If GLD can trade back above the neckline and the S&R line the bulls will be talking to us. To say this is a critical area for GLD is an understatement. Definitely an area to keep a close eye on.

TLT Daily Chart
Larger Image

 

Back to homepage

Leave a comment

Leave a comment