NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Treasuries Trampled As Triple Threat Takes Control

Published 01/19/2017, 08:34 AM
Updated 05/14/2017, 06:45 AM

Last week I noted the Triple Threat to Treasuries here. Maybe it was a predictive allusion using LeBron James as an illustration of the Triple Threat. LeBron and his teammates went on to lose 3 games on their roadtrip. it made a great point but I will have to be careful going forward.

Coincidentally the Triple Threat to Treasuries is also playing out to the downside. The momentum indicators are looking toppy. The RSI is pulling back from a touch at 60. It did not move into the bullish zone. The MACD at the bottom of the chart moved positive, but has now leveled, losing its strength just above the zero line. The price also continued over the 50 day SMA, but then pulled back to it Wednesday. It is looking like a possible short term top.

TLT Daily Chart

Friday price activity is more important any other day, just like the closing price is more important than intraday activity. Today will be a big day for Treasuries toward that deadline. The tide has changed in the short term. A confirmation of this with a close below the 50 day SMA today and especially Friday will solidify the reversal.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

Original post

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.