Bond Market Low?

The following TLT (long term U.S. bond market ETF) chart and comments are from a special report that was published for members on 10/13.  TLT traded to 111.90 last Friday (11/2) and gapped higher today (11/5).  An important low may be in place.  It’s imperative that one trade each market based on the analysis of that market but a rallying TLT (lower rates) could contribute to a bearish USD narrative.

-Jamie Saettele

@JamieSaettele

@SBTradeDesk

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TLT Weekly

10/13 – The bond market has collapsed.  Is this the beginning or the end of the decline?  I don’t know but I do know that I’m on the lookout for a low in TLT (T-Bond ETF) soon and that the 10 yr. U.S. T-Note yield is on long term trendline resistance and it’s 200 month average (the last time that TNX was at its 200 month average was October 1987).  Pay attention to the 25 line (and the parallel below there) of the TLT channel that originates at the 2007 low.  The 25 line is about 111.90 and the line that extends off of the 2014 low is about 110.80.  The red dots indicate weekly RSI readings below 30.  

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