As I do the actual work of plowing through NFTRH 472 I am noting some non-bond related indicators in line with the fading Junk/Quality ratios and easing Treasury yields noted in this post. If preliminary hints in these indicators intensify and long-term yield breakouts fail, we may get a market reaction of some kind and lurch to risk ‘off’ sooner rather than later. Most market charts remain straight up bullish. But charts are charts and indicators are a whole other animal.
This post serves as a public version (i.e. more wordiness than is usual in an NFTRH report) of NFTRH 472’s Bonds & Related Indicators segment. If you’re not following bonds closely, you’re not really following stock and asset markets. You’re throwing darts.
Preface to chart posts for this weekend: Instead of doing a bunch of videos, I decided to show static charts created, of course, with SlopeCharts (which you should use – – hint, hint). I am allocating most of these ideas to my Slope Plus subscribers. The Slope Plus bonus charts for Sunday are here.
What the charts below all have in common is (1) they are all “live” short positions in my portfolio (2) the patterns should be fairly self-explanatory. What’s unique about this particular set is that they are all based on prices that are near the tops of long-term pattern ranges: