So says Chris Kimble (blog.kimblechartingsolutions.com) in edited excerpts from his original article* entitled This is what is needed if you own Government bonds right now!.
[The following article is presented by Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample here – register here) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.]
Kimble goes on to say in further edited excerpts:
The chart below is an update on the bearish pattern in TLT, reflecting that the neckline of this bearish pattern has broken to the downside…which suggests that bond prices will move even lower [and conversely, that higher yields are on the way].
CLICK ON CHART TO ENLARGE[Go here to get an up-to-the-minute look at the performance of the 20-year Treasury Bond Fund(TLT) yield.]
[Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.]
*http://blog.kimblechartingsolutions.com/2013/08/this-is-what-is-needed-if-you-own-government-bonds-right-now/ (If you seek quality research to help you increase your portfolio regardless of market direction, subscribe to Premium Membership.)
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