TLT short - warning signs from Japan
TLT is making 20-day lows (red candles in the main chart), while continuing to make 20-week lows on a weekly chart (not shown). Meanwhile, looking at a proxy of net buying/selling (bottom panel), we have flipped from buying to selling.
Looking at Japanese bond yields, 10-year JGBs (JP10Y) just broke out of tight range. This is the third attempt to trade above ~1.59% recently, which we saw earlier today. As Japan's is one of the world's leading overseas investors, this is an obvious warning sign for bonds globally.
There is good risk/reward to short bonds here, with a stop-loss if the price closes at a 20-day high. If a 20-day high is made, the candles will change color from red to green.
Both indicators (Breakout Trend and Buying/Selling Proxy) are available for free on TradingView.
Looking at Japanese bond yields, 10-year JGBs (JP10Y) just broke out of tight range. This is the third attempt to trade above ~1.59% recently, which we saw earlier today. As Japan's is one of the world's leading overseas investors, this is an obvious warning sign for bonds globally.
There is good risk/reward to short bonds here, with a stop-loss if the price closes at a 20-day high. If a 20-day high is made, the candles will change color from red to green.
Both indicators (Breakout Trend and Buying/Selling Proxy) are available for free on TradingView.
Dagangan ditutup: hentian tercapai
Worth taking the loss here. Selling has likely climaxed, and long-duration bonds are now more likely to follow medium- and short-duration bonds higher.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.