Founder & Chief Market Strategist - SAV Markets, SAV Markets

Shyam Devani

Founder & Chief Market Strategist - SAV Markets

Cross Asset Strategy

After the clean-out following the last FOMC we seem to be settling into a situation of lower long end bond yields, and a stable to, now, bearish looking USD.
The combination of lower long end yields and a lower USD in the short term provides a decent backdrop for precious metals to do well. They are all showing signs of life again…

After the clean-out following the last FOMC we seem to be settling into a situation of lower long end bond yields, and a stable to, now, bearish looking USD.
The combination of lower long end yields and a lower USD in the short term provides a decent backdrop for precious metals to do well. They are all showing signs of life again…

The breaks lower on Copper and the wider London Metals Exchange Index can now be confirmed.A look at the price action and charts suggest further losses to the tune of 10% from here in both.Perhaps as a consequence, we see an additional break lower on US 30 year yield.Is US 10 year yield to follow?This note is a quick follow up on the price action in markets from the earlier report titled <a href="https://www.smartkarma.com/insights/bonds-all-charts-lead-to-me" target="_blank" data-smartkarma-citation="insights:52482" rel="noopener">Bonds: All Charts Lead to Me</a>

The breaks lower on Copper and the wider London Metals Exchange Index can now be confirmed.A look at the price action and charts suggest further losses to the tune of 10% from here in both.Perhaps as a consequence, we see an additional break lower on US 30 year yield.Is US 10 year yield to follow?This note is a quick follow up on the price action in markets from the earlier report titled Bonds: All Charts Lead to Me 

Commodities & Bonds – The Breaks and the Targets

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

We continue to see signs of improving risk appetites alongside healthy market dynamics. As a result, our outlook remains constructive. A breakout to new highs in the Russell 2000 (IWM) and Russell Micro-Caps (IWC), above $234.50 and $159, would likely cause us to shift to an outright bullish stance. In today’s report we highlight attractive Groups and stocks within Consumer Discretionary, Technology, and Health Care.

We continue to see signs of improving risk appetites alongside healthy market dynamics. As a result, our outlook remains constructive. A breakout to new highs in the Russell 2000 (IWM) and Russell Micro-Caps (IWC), above $234.50 and $159, would likely cause us to shift to an outright bullish stance. In today’s report we highlight attractive Groups and stocks within Consumer Discretionary, Technology, and Health Care.

U.S. Yields Testing Support Ahead Of FOMC Meeting

The following note takes a short term technical look at Gold, which has tested some support levels and shows early signs of a rebound. If the wave count is correct then the days or weeks ahead could see a rally through $1,916

The following note takes a short term technical look at Gold, which has tested some support levels and shows early signs of a rebound. If the wave count is correct then the days or weeks ahead could see a rally through $1,916 

Since the release of US labour market data yields have slipped. Notable price action has unfolded for only the third time since yields peaked in late March, which indicates lower yields still.Additionally, USDJPY has faltered, which is consistent with the signs in fixed income markets.But how low is low? Could this just be a short lived and relatively meaningless move down in yields or could we see US 10Y yield below 1.46% and US 30Y yield below 2.15%?

Since the release of US labour market data yields have slipped. Notable price action has unfolded for only the third time since yields peaked in late March, which indicates lower yields still.Additionally, USDJPY has faltered, which is consistent with the signs in fixed income markets.But how low is low? Could this just be a short lived and relatively meaningless move down in yields or could we see US 10Y yield below 1.46% and US 30Y yield below 2.15%?

United States

Gold is a chemical element with the symbol Au (from Latin: aurum) and the atomic number 79. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable and ductile metal. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements, and is solid under standard conditions. The metal therefore occurs often in free elemental (native) form, as nuggets or grains, in rocks, in veins and in alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum) and also naturally alloyed with copper and palladium. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides).

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Gold (GOLD COMDTY)

Time for Precious Metals to Shine Again

The USD is beginning to come on the back foot again while long end yields refuse to rise. This combination sets the scene for precious metals to...

Shyam Devani

Commodities & Bonds – The Breaks and the Targets

The recent breaks on both industrial commodities and long end bond yields warrants further attention. These charts highlight target areas in the...

Shyam Devani

U.S. Yields Testing Support Ahead Of FOMC Meeting

We continue to see signs of improving risk appetites alongside healthy market dynamics. As a result, our outlook remains constructive.

Vermilion Research

Gold: A Wave Ahead

A technical look at the daily chart of Gold suggests we may have completed a corrective phase down over the past 10 sessions and are ready for...

Shyam Devani

Bonds & Commodities: A Picture Unfolding

The price action in Bonds and the emerging picture in major commodity markets all point towards lower yields. Breaks are yet to be confirmed though...

Shyam Devani

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