The Canadian Technician

IT is starting to move

Greg Schnell

Greg Schnell

Chief Technical Analyst, Osprey Strategic

What is it?

The 30 year Bond Yield is it. The bond yield has been trying to base (or at least I think it has).

Look at the difference in these two charts. Notice the dates of the picture, top left on the charts.

This was a week ago.

Bonds Dashboard

 

Now take a look at the current, updated chart.

Bonds Dashboard 20111011

4 out of 5 have broken above the 10 week.

How to invest in this?

One method would be:  HTD.TO or TBT in the US Market. Volume on the Canadian side is very low.

Bonds HTD

Here is the US Version.

Bonds TBT

Click on the pictures for a current chart you can work with that is also larger. If you are in The Canadian Technician blog site, you can click on subscribe to get this message posted to your inbox, or use the RSS feed. You can also find it on stockcharts.com Facebook page.

Good Trading,

 

Greg Schnell CMT

Greg Schnell
About the author: , CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More