There is no excerpt because this is a protected post.
As everybody knows, long-term interest rates have been rising since the beginning of September, well before the FOMC supposedly surprised markets with a lean to
Profit taken on the still much ugly DBC, which has dropped to potential support. Loss taken on GDX, which was overseeing the hold and additions
This post started off as a simple one on the Financials, but then riffed along into yield dynamics and the contrary bond play – of
Want to see some different flavors of bearish? Well here they are. The Financials are dropping to the neckline of a bearish pattern once again.
Just because I have an interest on a macro level (interest rates and the dynamics therein) with rates being key to all other markets and
With respect to yesterday’s post, the 10yr yield has crept above the SMA 50 while the Financials and Banks seem to be thinking about it,
The 10yr yield has formed a pattern that has some potential at least. On its own it does not support a bullish view on yields
We have shorted GS, longed GS and shorted it again (NFTRH+); all for profit (if only all trades worked so well). We also had a
On the other side of the equation from the earlier GDX update, we have the bearish Financials ETF XLF, losing important support today. MACD, RSI