Courtesy of Chris Kimble
This chart below appeared on dshort and Business insider yesterday. Key long-term situation per the long bond!
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Below is a close up view of the 20-year bond etf (TLT)
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Breakdowns in Basic Materials, Transports and the Russell (see post) and the 30-year bond yield is on 17-year support and TLT is at the bottom of a channel, creating a potential double bottom.
Hmmm….wonder what we should do with bonds due to this situation??? Chart directly above with a tight stop is more than a clue! For sure it won’t take long for this bond situation to resolve itself!!!