Some well known/very smart people are suggesting that bonds are not the place to be. Some are even shorting them!
The chart below was last weeks quiz, where the “Power of the Pattern” was suggesting to “Buy Bonds” due to…. strong falling resistance was at hand and a possible “head & shoulders” top in yields looked to be possible. (see post here)
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What has happened since the quiz?
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Each of these bonds have rallied off of support and are breaking through an important resistance line. Below is the performance of bonds since the quiz.
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Not only have the bonds had a good 8 days, TLT and IEF have made more since the quiz than the 500 index has made this year! Even though some investments can be out of favor with some very smart people the “Power of the Pattern” can help us buy some investments at quality entry points, when opportunity seems hard to find for some!
