First chart of 2018!!! Let's go..

Happy New Year guys. Hope you guys were able to spend some quality some with family during holidays. Let's take a look at 10y note.

There is lot of bearish talk recently on bonds. China halting treasuries and couple of bond gurus came to talk about it. Do you think that they will do they that if they are shorting it right now? No.

LT is i am bearish on bonds too and rates will rise. ST for now, i see pain coming for bond bears. Look at weekly chart of 10y. Triple bottom hit. There is no sign to buy here yet . But i am taking profit here and will asses after this support blows ,which i don't expect to happen right away.

USDJPY has been diverging from yields as well. One or the other is a liar.

Just on side note, ever since CNBC put a bitcoin box on TV to track prices and all this blockchain talk went nuts, i turned bearish . Bitcoin and others are taking a dive. I expect it lower in weeks.

Let's see what happen here.

Thanks for the read

Cheers