Morning Comment: TLT Treasury ETF Nearing KEY Support.


My call for a sharp pull-back in the Treasury market (and thus a sharp rise in long-term interest rates) just before Labor Day was SPOT-ON! When the vast majority of pundits were saying that central bank liquidity would keep both short-term and long-term interest rates low, I said that the bond market has become SO overbought that it was ripe for an acute short-term reversal.

This is call has worked out very well...and the move in the bond market has been (by far) the most important cause of the significant "rotation" within the stock market recently.

However, the TLT Treasury ETF is nearing an all-important support level, so this market has quickly moved to yet another important inflection point.

In other words, I continue to provide important calls for my subscribers at key turning points in the markets. To get these kinds of insights on a regular basis...and to find out the support level I'm watching very closely on the TLT, click here to subscribe to my premium newsletter. It has a money back guarantee, so I urge you to take a look!




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Morning Comment: We will NEVER forget.


  • Scooby-Do, where are you?
  • Will Trump continue to follow the script on trade?
  • The "rotation" is algo driven right now.
  • A "tradable" bounce in rates or a long-term change in trend?
  • Tech will face headwinds for many, many months.
  • AXP ...
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Morning Comment: Forget about "rotation" for most groups.


As we pointed out recently, the Treasury market had reached an overbought level (in the TLT Treasury ETF) that had never been seen before…and the oversold level on the yield of the U.S. 10yr Treasury note had reached a ...

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Morning Comment: Will "Fed Speak" Move the Markets This Week?


It's September, but it's not the calendar that's the concern!

Well, here we are...September...traditionally the worst month of the year. HOWEVER, the real concerns for investors should derive from the developments of the past few ...

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The Weekly Top 10: Look out below.


The Weekly Top 10


1) If you want to maximize your investment returns, spending a lot of time trying to figure out when the next recession is coming is a not good use of your time. We can still have ...
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Morning Comment: Bitcoin Testing VERY Important Support


The bond market is not reacting to China's dovish comments on trade.

The equity futures are trading almost 1% higher this morning due to dovish comments out of China on the trade negotiations. They said they wanted to emphasize ...

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Morning Comment: Important Leadership Groups Testing Key Support (again).


  • Even though the consumer is strong, the U.S. economy is definitely slowing…and earnings growth in the U.S. is grinding to a halt. The trade war is a headwind for both of these issues.
  • The Russell 2000, the Transports ...
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Morning Comment: The Fed's New Message is Clear.


The market will impact the Fed, not the other way around.

We don’t know why people keep talking about the Fed when it comes to the upcoming moves for the stock market. That is a waste of time right now ...

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Morning Comment: Housing stocks breaking out.


  • When trying to figure out how the market will react to an “highly anticipated event,” it’s important to note how the stock market has acted BEFORE this “event” takes place.
  • Despite a slow down in domestic economic growth, the ...
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American Express (AXP): Close to important support on the chart


AXP has outperformed nicely since the December lows…as it rallied almost 44% from those lows to its July highs. However, it has rolled over a little bit recently.

The decline took AXP below its trend-line from last year’s low. The ...

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Morning Comment: Too much blame on the Fed.


  • We agree with many of the President's policies, but....
  • The trade war IS having a negative impact on the economy
  • Let's look past the politics
  • Way too much blame on the Fed for the slowing economy
  • The trade ...
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Morning Comment: Gold overbought near-term.


The bounce in the S&P 500 still faces headwinds

The recent bounce in the S&P 500 index has been impressive. However, it still faces serious headwinds and I believe a deeper correction of 10%-15% is likely over the next ...

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