Friday, April 30, 2010

Bonds are back

ishares Barclays TIPS Bond funds (TIP) chart analysis ;
1) Clear bounce up on its 200 days exp MA
2) Resistance is "broken"
3) Are you long ? Use $105 as your stop loss
PS : 10 year US treasury yield ; Recent break out was a clear FAKE move !
PS 2 : 30 year US treasury Bond price ; Clear bullish reversal, and now facing resistance at its 200 days exp MA

3 comments:

Thierry said...

A fake move too....??volatile moves in both sides
10 year Us Yield is back in a channel pattern and is oversold
I don't see any reasons for rates going down seriously with worldwide economy realy improving and company results on very sharp recovery
Moreover we could expect a defiance for sovereign debts in the euro crisis...don't forget the Us are debt free....!!!!
Read recent conference calls of arcelor, sclumberger,alcoa,Exxon,total etc...
Better concentrate on that than Goldman sachs story..
Watch out commodities prices like oil, iron ore,aluminium...
gold is too speculative

I'm not buying this move ...my call.

Anonymous said...

Thierry: "...worldwide economy realy improving and company results on very sharp recovery..."
Hey, are you just back from March?

"...don't forget the Us are debt free..."
This is supposed to be joke!, I'm sure.

chico

thierry said...

Yes we are in terms of economical cycle in recovery mode and i wrote all big corporations have confirmed this in their latest conférence calls reporting their earnings and have all raised guidance
The worst is behind..I never say it will be "alice in wonderland"
So Inflation will pick up and rates will go up
Soverign debt issues could accelaerate the process big time and i will not play interests rate going down at this level.
Of course the Us have terrible debt issues and that's why i write with ....!!!