Next Bond Breakpoint
Tim Knight | Apr 23, 2018 12:05PM ET
I was a bit concerned on Friday night when Kim Jong Un announced peace and love for all humanity, but equities aren’t exactly blowing through the roof. In fact, the overnight session started with a big pop higher and was red on both the ES and NQ before the open. So as I speculated, it seems war is bullish and peace is bearish.
For now, however, the ES and NQ are green, with the S&P 500 up about one-third of a single percentage point. More important to me is bonds, which are down slightly (about one-fifth of a point……….yeah, not exactly a thrilling day here):
The tint I’ve drawn on the intraday chart above shows the next breakpoint we need. The same level, circled in green below, should get things really cooking (and interest rates rising), but worrywart that I am, I won’t be content until and unless it actually transpires.
For now, I remain aggressively short and I actually have about twenty other potential positions I’m going to be going through. You folks already know the details of my obscenely large number of positions from my octet of videos during the weekend.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.