Tuesday, October 11, 2011

Bonds Fail At Resistance



I'd like to make a quick update on the bond market. Above is a weekly chart of TLT. Last week this market formed a weekly bearish engulfment pattern at key resistance. This is a powerful combination and in my opinion I feel the bond market will be heading south in the weeks to come. A move to new highs would negate my bearish outlook. 

3 comments:

wer1 said...

Kevin, How nice to see the new post and charts!! Have really missed you. I have followed sense inception and have missed your views on the market and your excellent charts. Don't forget about us.

Happy trades to you.

Kevin said...

Thank you very much, I appreciate that!

RacerX said...

good to see you on the interwebs again Kevin!

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