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