Better Bonds

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Now that some time has passed, I have redrawn my TLT trendlines. This time, I am using the channel tool, which by definition demands the prices be confined within perfectly parallel lines.

slopechart TLT

It looks quite clean, if I may say so. I particularly like the price allegiance to the midline.

slopechart TLT

Relatedly, please note how banks (XLF) have broken to lifetime highs.

slopechart XLF

Likewise, utilities (XLU) have done the same, although with less gusto than banks.

slopechart XLU