Tackle Today: You Do Not Want to Talk About These Two Charts

«Yields in Focus»

Coach Mark here.

Trading is always easier when we do not talk about yields and the dollar. That is just a trading truism. When we are not talking about yields and the dollar, then technical setups tend to play out better and there are less variables that can impact price. Fewer variables increase trading performance which is something nobody will complain about.

It is always easier when we do not talk about yields and the dollar. However, we cannot stick our head into the proverbial sand either. 2022 and the summer/fall of 2023 taught many new traders what many old traders already knew. You can have extremely bullish conditions only to be reversed if the dollar and yields start to trend upward.

We are certainly not in an upwards trends compared to those previous time periods but yields have jumped significantly over the last week. It is not surprising that a touch of volatility has picked up in the markets accordingly. The PCE report was already an important inflationary report on Friday and takes on extra significance in this backdrop.

We will continue to break down the macro and technical backdrop in the Halftime Report, Tackle Trading Newsletter, and Trading Justice podcast. Have a fantastic Wednesday everyone!

 



(TLT)

Not trending, but a nasty week, yields have jumped all along the curve and the rise in bond yields have started to impact other areas of the market. TLT which is comprised of long-term treasuries and if this chart keeps falling expect many other areas of the market to start to feel some pressure. A soft inflationary reading on Friday can alleviate a lot of this pressure.

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