Yes, I know it’s Friday… still trying to get “back in the habit” on regular financial postings. As Treasuries look like they have ‘rolled over’ it needs posting, regardless of which day (and even if the right time to do it was a few days back).
Charts here come from Bigcharts.com. You are encouraged to go there, learn to set the controls (on the left hand side) yourself, and make your own charts. It is a skill well worth developing and then you don’t need to depend on me to make a posting every day.
The prior version of this posting is here:
TLH - 10 to 20 Year US Treasuries AGG - Aggregate of many maturities bond fund. SPY - S&P 500 benchmark MUB - US "AMT-Free" Municipal Bonds. IEF - 7 to 10 Year US Treasuries TIP - Treasury Inflation Protected Securities TIPS LQD - "High Quality" aka Liquid Corporate Bonds TLT - 20+ Year US Treasuries WIP - World Inflation Protected Securities
Bigcharts Bond Chart Example comparing S&P 500 with TIP (Treasuring Inflation Protected Securities ), WIP World Inflation Protected Securities, and TLT Long Duration Treasuries (all ETFs).
I’ve preserved a copy of the chart as it stands today for “future reference”:
We have “price below the SMA stack” and RSI doing “lower highs” after a ‘near 80′ event. MACD is now ‘below zero’ and with red on top while DMI / ADX has red on top and with ADX at ‘about 20′ it is modest strength move (though bonds are lower volatility so it is a fairly strong indication for bonds).
All that says “Time to be out of bonds”.
I’d suggested to cut holdings in half on a prior posting. Now I’d move to being ‘fully out’ of bond positions. As to “be in what?”, that’s going to take a bit more work. Copper was continuing to drop on weak China data. Stocks have been in a slow “melt up” with tradable ripple. At any rate, exit bonds, stack up some cash, and we’ll see what else is a reasonable idea. Talk of inflation and more QE makes me think traditional inflation hedges might be worth investigating.
Remember, too, that under the “Stock Charts” category (right side of this page) there are a variety of selected charts with particular collections of tickers in them. Including this one for bonds and currencies:
One of them being the “One Stop” quick chart of the basics:
which includes longer descriptions of the tickers here, along with more and different tickers including some in other currencies.
Charts here may be a bit more variable from week to week as things of interest pop up.
A variety of ETFs, including bond ETFs, are at the iShares site. Choose the particular bond fund off of the “fixed income” tab:
There also exists a variety of bond funds at the SPDR site