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As a sub-category of Market Analysis, the Fixed Income category contains charts and commentary associated with all classes of fixed income such as Treasury Bonds, Corporate Bonds, Municipal Bonds, Junk Bonds, etc…

Breakdown in Junk Bonds A Red Flag for the Stock Market

High-yield, aka 'junk' bonds, which are highly correlated with the stock market & not with other bond classes, have made an impulsive breakdown below this large bearish rising wedge pattern in HYG (High Yield Corporate Bond ETF) which also makes the recent breakout a failed breakout, i.e.- bull trap. As the performance of junk bonds [...]

IWM Approaching Top Of Trading Range, General Market Commentary

Member @jim requested an update on IWM (Russell 2000 Index tracking ETF) which has played a very impressive game of catch-up to the other major US stock indices over the last two sessions following a very sharp period of underperformance. I don't see anything that stands out on the 60-minute chart other than the impressive [...]

Monday Morning Market Overview

I wanted to post a quick overview of the financial markets with the near to intermediate-term outlook for most of the major asset classes. Charts & detail commentary will follow on any actionable trading opportunities as well as the active trade ideas on the site. Starting with the US equity markets, despite the market's near-term [...]

QQQ & SPY Bounce to Resistance, S/T Trend Indicators Rolling Over

After a sharp drop in the first hour of trading, QQQ & SPY have experienced snap-back rallies into resistance with the MACD signal line recently crossing into bearish territory (short-term trend) for the first time in over a month. Note how well the MACD signal line/9-ema has defined the short-term trend as bullish or bearish [...]

Gold, US Equity & Bond Markets

Global equity markets are rallying in a 'risk-on' trade while safe haven assets such as treasury bonds & gold are being sold as a result of the French elections & lessened probability of a Frexit. Here's a snapshot of the risk-on & risk-off assets: Gold, U.S. Treasury Bonds & a few the major US stock [...]

Breakout In Treasury Bonds Likely To Kick-off Stock Market Correction

A breakout above this downtrend line/basing pattern in TLT (Long-term Treasury Bond ETF) should spark a rally in treasury bonds & is very likely to roughly coincide with the beginning of a sell-off in the stock market. Hard to say if that breakout in TLT will come very soon as TLT is somewhat stretched on [...]