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RHS

Reverse Head and Shoulders Breakout in 30 Year Bond YieldVery clear reverse head and shoulders, a very strong chart pattern indicator for long term tops and bottoms, target is 3.6% yield on the 30 year bond. A retest of the neckline will confirm a very strong possibility of the target being reached. On the macro side, I think yields will be forced lower over the next 1-5 years. I'm looking to go all in on leveraged bonds if and when the the 3.6% yield is reached, or if CPI starts showing significant weakening.
TVC:TYX
by RPM3231342
Defensive Sectors outperformingThe use of Equal Weight ETFs such as Consumer Discretionary (RCD) relative to Consumer Staples (RHS) can yield meaningful clues about the underpinnings of the stock market. Presently, this RCD/RHS relative strength ratio is below the levels seen in the Q4 2018 corrective period (red line in graph). This measure, along with other signals such as an elevated VIX, supports those arguing that we are in a "Risk Off" or "defensive" equity environment. Until the relationship breaks out of this zone, investors are well served to manage risk and stay nimble.
R
by jay_S_