From CNBC this morning: Jim Grant, editor and founder of Grant’s Interest Rate Observer, discusses whether the Fed might slow its pace of interest rate hikes as market volatility continues to hit U.S. stocks.
RightView Trading was featured on the “Off the Charts” segment of last night’s Mad Money show with Jim Cramer. The piece looks at stocks that could profit in three possible future interest rate environments. Thanks, once again, to Jim and his fantastic team for the opportunity. Click this link to see a synopsis of the… Read More »
The sell-off today saw the S&P 500 test the support zone in the 2130 to 2015 range on the daily chart. It was able to manage a small recovery in the final 90 minutes of trading, but it was minimal relative to its overall range. The Russell 2000 took out its 50 day moving average,… Read More »
It looks like an inverse head and shoulders pattern formed on the 10 Year Treasury Note Yield weekly chart. This is a fairly reliable bottoming formation. If nothing else, the second in a series of higher lows was made this week and the long term downtrend line drawn off the 2014 highs was broken. Bonds… Read More »
I have been following the price action of LinkedIn (LNKD) closely over the last several months (please search on the home page). In particular, the clusters of high wick candles that appeared in April and March, and the confluence of Fibonacci time and retracement lines that occurred last month. High wick or long upper shadow… Read More »
The ProShares UltraShort 20+ Year Treasury (TBT) fund is testing the rim line of a cup and handle formation that formed on the weekly chart over the last seven months. A successful break projects a pattern price target into the $57.50 to $58.50 area, which is the former bottom end of a consolidation channel that… Read More »
There is a consensus building that bond yields may be forming a bottom and are headed higher over the intermediate to long term. The weekly chart of the ProShares UltraShort 20+ Year Treasury (TBT) shows the ETF breaking above an 18 month downtrend line, its 40 week (200 day) moving average, and the rim line… Read More »