TNX - 10 YR T-Note Yield - Overblown?This thing is way ahead of where quarterly money flows suggest it should be - I think it will pull back and consolidate 1.10 - 1.150 range. Also looks to be exhibiting the same post-crisis recovery that it followed after the GFC. I'm pretty sure all of these anti-fed pumpers were out there barking about it back then as well.
Also, Bitcoin (all cryptos) still look like crud, barely hanging on minus over 30% and still tired.
Stocks looking real good in terms of quarterly money flows. This recent pull back looks like profit taking to me (maybe another 5% down and reverse but I think we are near the end of the correction. Oil also holding up and actually creeping higher, suggesting demand remains (for now); again, we know that the American consumer IN 2007 - FIFTEEN YEARS AGO - was able to support $100+ / barrel oil. Today we are tickling $86 / barrel.
Fear sells. Listen to the data.
God Bless.
#GoChiefs!
2-10yearyield
U.S Bond Yield's & Trading EUR/USD, USD/JPY & USD/CHFIn this video, I break down how the U.S Dollar has been strengthening against the EUR. JPY & CHF since the start of 2021 as U.S Bond Yields have been rising due to inflation expectations.
This is extremely important to understand when trading currency markets.
I breakdown this historical relationship using excel spreadsheet examples and live chart analysis.
Enjoy
Year long VIX gap fillSeems like there has been a gap fill that happened in Feb of last year.
Market consensus seems like there is really nothing that can make anything go down except for a rate increase sooner than anticipated.
Everything could shoot and propel further higher and maybe draw in huge amounts of capital thats still lying around idk.
indicators point to upside potential but everyone should know that this can go lower still.
Little bit of divergence on RSI but we shall see.
That's all folks,
10 Year Treasury yield at resistance levelThe 10 Year Treasury yields have bounced aggressively from all time lows. However, we are not at the August/September 2020 lows which coincides magically (lookup the gold number found everywhere in the Cosmos) with the 38.2% fibo retracement from the highs to the lows. If rates go sideways or correct from here, we're likely going to see a bounce in the Nasdaq which is currently near the 100 DMA bounce level...
Next Stop on the 10Y Yield Train: 1.41%I've been hearing from many of my colleagues, most of whom are experienced traders, that rates are not going to rise anytime soon. 2023, 2024, 2025, all common projections for when rates will rise. Yet, we've observed the 10Y yield rising a whopping 120% since the beginning of August, to 1.13% today. Morgan Stanley said in a recent report, which I've mentioned in some of my other analysis, that the Nasdaq could be in for a 22% correction if the 10Y hits 2%. If the prospect of rising rates doesn't have traders and investors hedging their risk, nothing will. Trade accordingly.
$EURUSD - Long Term (6 Months?) - Rethinking Retracementi use the CoT Report for a lot of guidance. If you know how the commercial/central banks are trading, then you have a pretty goof idea as to where the market is going to go. As mentioned in many of my ideas, they started shorting back in March. My belief if they stacked a lot of orders at that March high, know it would eventually get lower than that point.
The First week of September is when EURUSD made it's most recent high, and so far, high of the year, which is typical for about this time of the year if you look at yearly cycles. The commercials were at the deepest in shorts at this time and started lessening the shorts shortly after. Just two weeks ago we did see the massive sell off. Last week we started to see the retracement, more longs were added.
Now what I did whas draw a fib from the highest point in September to the High point in March, these are the times the commercials switch from longs to shorts (March) to the height of their short positions (September). I threw in a few ideas here on trading view that we would probably see more aggressive shorting, not seeing the foresight of what the ultimate achievement of the central banks are trying to do. So now I throw another fib on top of the current ont, this fib is from the highest high (September) to the most recent low that we've had since that high in March which was just about a week/2weeks ago.
There's a confluence overlap of the new 62% retracement that is sitting on top of the 70.5% retracement of both of these fibs at the institutional level of 1.18600.
As I can't see the future, this could easily make it's way back to the 1.2000 level, just to draw enough retail buyers in to go long at the opportunistic moment. But I digresss.
I believe that near the 1.18600 level will be the kill zone to go short, for all of those shorts that have been building will finally take off and make a run for the original March-Sept fib to hit their extensions -27% to -62%. And just prior the -62% of the March to Sept fib is the pivot, -100%, for the September to September 25 fib. These institutional levels are 1.12000 and 1.17000. And the 1.17000 level is where we find a major support zone.
As price typically chases 10 year bond yields, you can see a clear divergence in the the US 10 Year yield (Blue) vs. the Euro 10 year yields (Yellow, Top Down it goes Italy, Spain, France, Germany) While the U.S. yield is currently making a higher high since August 27, the rest of the Euro countries are slipping in yield prices. Just another tidbit to support my claim.
Yes. A lot is going to happen between now and then. As for my related idea to short this week, I'm not so sure, I think we'll be seeing more bullishness. But I believe this is the framework of this pair that we should see play out until next spring when we start to see a bullish move once again.
I'll try to call the day trades when I see them in this pair because they've been forming around 6a.m. - 8 a.m. CST U.S. But as for now, This is my current and final skeleton of the EURUSD.
Final note, I don't believe in trend lines. Sorry, not sorry.