NFTRH+; clarity on where the macro is headed, near/intermediate-term

With the 30yr yield breaking upward today (daily chart)… …let’s review the original theme (back in play after a little macro whipsaw), which was to build a right side shoulder on the 30yr yield ‘Continuum’ (monthly chart) and then evaluate the inflation trades if/as the shoulder resolves upward to the limiting moving averages. Option A: EMA 100 & 120 limiters hold once again as they … Continue reading NFTRH+; clarity on where the macro is headed, near/intermediate-term

Long-term Treasury Yields on the Move

The 10 year yield is in a short-term bounce pattern, which is completely unsurprising as it goes in positive correlation with stocks on their relief bounce from the risk ‘off’ decline in yields. The 30 year yield is further along, having broken above a S/T resistance area (3.5%) yesterday. Of course, the longer-term view is that of our Continuum, which will decide what the bigger … Continue reading Long-term Treasury Yields on the Move