An overview of the bond market including treasury bonds, corporate bonds & municipal bonds via interest rates as well as various bond ETFs. Both technical & fundamental analysis of the bond market, as well as implications to the stock market along with the benefits of asset allocation & portfolio diversification, are also discussed. playback speed can be increased in the settings to reduce video duration
Member @jrandhawa posted the following request in the trading room: Randy Please discuss the charts of 2yr & shorter duration treasuries relative to 10yr treasury too. Thanks in advance. Even if one has little to no desire to trade or invest in treasury bonds, most experienced stock traders & investors will keep one eye on the bond market at all times as it can often provide clues as to where the stock market might be headed. Certain developments such as an increase or decrease in credit spreads (the differential in rates between treasuries & lower quality corporate bonds such as junk [...]
Technical analysis on the US stock market, oil, gold, energy stocks & several trade ideas that stand out at this time. There is quite a bit covered in this video so you might want to increase the playback speed of the video (under settings) to 1.25 or 1.5x to reduce the duration.
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 rally from yesterday & today nor can I make a decent case for either a reversal soon or a continuation of this near-term rally. IWM daily June 2nd I can say from looking at the daily chart above, IWM is once again approaching the [...]
Analysis of the US stock market via SPY, QQQ & IWM as well as the outlook for gold (GLD) and US treasury bonds (TLT).
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 when above or below the zero line. While these are 30-minute charts, my preference is to see both the MACD and PPO signal lines cross below their respective zero lines as well as bearish crossover of the 13/33-ema pair on the 60-minute time frames. As of [...]
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 indices. Starting with the safe haven assets, GLD (Gold ETF) is being sold today along with treasuries as of flight out of safe-haven assets. The sell-off in GLD could also be attributed to the fact that it just recently reached the most overbought readings since in [...]