Seven Reasons Why I Was Bearish on Bonds

1) The long term trend for TLT, the fund that tracks long term bonds, was down

2) TLT kept hitting new 52 week lows - never a bullish sign

3) TLT, over the past year, formed a pattern of lower highs and lower lows











         


4) The yield on the ten year bond was in an uptrend, both long and short

5) The yield on the ten year gapped up, twice

6) The yield on the ten year formed a tight bullish flag












 




7) The weekly chart of TLT formed and completed a long term head and shoulders pattern:



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