Bad News for Bonds – New IT Trend Model Neutral – 30-Yr Yields Prepare for Breakout

Today I received notice that TLT had triggered a new Intermediate-Term Trend Model (ITTM) Neutral signal. I decided to take a look at $TYX to see if yields were lining up with the action on TLT. Of course the relationship between TLT and $TYX is inverse, so a bearish TLT chart should yield (no pun intended) a 30-Yr Treasury Yield chart that is bullish. It did, only in a slightly different way than I expected.

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