Welcome to Karpel’s Corner. This is where I throw out my thoughts on the markets and share some of my favorite strategies. I keep it market-focused, and never miss an opportunity to teach trading strategies and commentate on the latest trends affecting the financial markets. Hope you enjoy today’s post!
I haven’t discussed bonds in a while, but I have been watching the 20-year bond ETF $TLT closely. It’s been on an upward trend since the lows in the beginning of July, and I’ve been waiting to see some sort of pullback. Well, I have a floor insight that $115.50 is a level that will need to hold. However, I saw a perplexing move over the last week: 5-year yields in the short-term curve. Something will have to give, so watch the floor on $TLT.
The Buck ($UUP) has been on a tear, with its floor at $21.70. If this move in the greenback continues, watch out for inflation talk to heat up and strong economic numbers continuing to roll out.
Last, we talked about Oil ($USO) this week on Tradespoon Live TV. I have to tell you that the pullback to the downside has occurred at the same rate as the upside move in the Broad Market ($SPY). With Crude ($USO) coming off the August lows, any move up could beg the question: Does the Broad Market potentially turn negative with Crude strength?
See you next time at the Corner!
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