Watch the Bonds

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Watch bonds to see where equities are heading. TLT looks to be in danger here of creating a runaway gap — From March 13- 14, the name gapped down. Today, it has been trying to fill that gap. However, look how long the wick of the candle is. If bonds are sold at today’s close, that gap won’t be filled. Additionally, TLT looks like it’s putting in a bear flag. So, watch for TLT on Monday. It could be pointing to continued upward market moves.

2 Responses to “Watch the Bonds”

  1. widespread panik

    This is the best research I have seen on the Bond side in some time. A bear flag to the DOWNSIDE. Will add to my 110 TLT 1/2013 puts on Monday!!

    • curious to see what will happen too… if this is a bear flag I may jump in the fas-mobile…

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