The yield curve has started to uninvert by rising back above 0. While the yield curve is signaling concerns for a recession, I still think it is early. Usually the recession occurs after the yield curve has increased for a bit longer. I think about 0.50 – 1 would be the key area for some concerns. There could be a spike up if we get a bad jobs report on Sept 6 so we’ll see how things are trending in early September.
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DXY continues to show bullish strength after the US election. The US dollar is likely to be stronger under a Trump administration due to Trump’s policies. There is resistance at $105.60 and a light blue resistance line to monitor. It looks like DXY is forming a bullish breakout, but the price action can be a […]
Read MoreTMF has a very similar setup to TLT, but is 3x leveraged so the gains and losses will be higher. TMF has lost support at the light blue trendline around $47.55, and bonds have sold off after Trump’s election victory. The current price action is considered “risk-on,” as traders are more interested in risky assets […]
Read MoreTLT has lost support below the light blue support line around $92.50. I would be cautious here, TLT needs to reclaim support to avoid further decline. 10 year yields is approaching resistance around 4.44% so TLT could bottom out once 10 year yields have peaked. Follow me on social media: https://linktr.ee/realchartchamp
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DXY continues to show bullish strength after the US election. The US dollar is likely to be stronger under a Trump administration due to Trump’s policies. There is resistance at $105.60 and a light blue resistance line to monitor. It looks like DXY is forming a bullish breakout, but the price action can be a […]
Read MoreTMF has a very similar setup to TLT, but is 3x leveraged so the gains and losses will be higher. TMF has lost support at the light blue trendline around $47.55, and bonds have sold off after Trump’s election victory. The current price action is considered “risk-on,” as traders are more interested in risky assets […]
Read MoreTLT has lost support below the light blue support line around $92.50. I would be cautious here, TLT needs to reclaim support to avoid further decline. 10 year yields is approaching resistance around 4.44% so TLT could bottom out once 10 year yields have peaked. Follow me on social media: https://linktr.ee/realchartchamp
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