Bond Markets Summary for Jul 31, 2020
Bond Markets Technical Analysis Market Overview Report for Jul 31, 2020 | by Techniquant Editorial Team
With four out of the five Bond Markets closing higher today, the ones that stand out on the positive side are TBOND gaining 0.19% and TNOTE10Y closing 0.12% higher. On the flipside the worst performer has been BUND closing -0.13% lower.
One of today's most interesting market conditions in the Bond Markets showed up in TBOND: Among the six market conditions that our pattern recognition engine identified today, the statistics for the Technical Indicators based market condition "Close crossed above the upper Bollinger Band" stand out. Although it is usually interpreted as bullish, it has actually shown to be bearish for T-Bond. Out of 98 times, TBOND closed lower 61.22% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the short side has been after five trading days, showing a win rate of 55.10% with an average market move of -0.09%. Read more