The 4-pack below represents different types of bonds with one thing in common….All are testing key support lines right now!
Support is Support until broken! Yields on the 30-year bond HAVE NOT broken the key line at (1) for 17-years! If this line does break a major trend change for bonds is at hand! Odds favor that a break of support in one style of bonds in the above 4-pack could see a break of support across the board.
Game Plan….Have NO position in any of these bonds right now. If support is taken out, will look to score on defense in the bond arena!