This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Higher Yields on Bonds, Gold and Crude Oil

NEW YORK (TheStreet) -- Back on Aug. 8 I wrote, Buy Bonds, Trade Gold and Sell Crude Oil and today I will update my buy-and-trade strategies for these markets.

The rise in the yields for the 10-year Treasury note and the 30-year Treasury bond peaked at 2.936% and 3.94% respectively on Aug. 22. The rise in yields has become overdone on their weekly chart with the 200-week simple moving averages at 2.540% on the 10-Year and 3.648% on the 30-Year.

My call for September is that these yields will form trading ranges influenced by new monthly pivots at 2.725% on the 10-year and 3.738% on the 30-year. The 10-year yield ended August above its pivot, while the 30-year ended the month below its pivot. The rise in yields on Tuesday has the 30-year yield above this pivot this morning.

This configuration normally results in reversal-oriented trading, which would not be surprising given the tendency to see a 'flight to quality' during the Syrian uncertainties and the expectation that the Federal Reserve will taper its QE3 and QE4 bond buying programs. My annual pivots have become risky levels at 2.476% and 3.014% respectively.

Continue to trade the bond market just like a stock using iShares 20+ Year Treasury Bond (TLT) ($104.22). The Treasury ETF is below its 50-day simple moving average 106.84 with the 200-day SMA a strong resistance at $116.04. The weekly chart shows an oversold condition with the 200-week SMA at $107.68. The Aug. 21 low is $102.11 with a monthly pivot at $105.75 and annual risky levels at $116.26 and $120.42. My semiannual value level lags at $92.32.

Comex gold ($1403.0) set at tradable low on June 28 at $1,179.4 the Troy ounce. The daily chart shows an overbought condition with the 50-day SMA a support at $1,313.3 and the 200-day SMA a resistance at $1,503.5. My new monthly value level is $1224.6. The weekly chart profile is positive with the five-week modified moving average a support at $1361.5 and the 200-week SMA a resistance at $1,471.9. My first annual risky level is $1599.9.

You can trade the gold market just like a stock using SPDR Gold Trust (GLD) ($136.42). The 50-day SMA is a support at $127.01 and the 200-day SMA is a resistance at $145.47. The weekly chart is positive with the five-week MMA a support at $131.78 and the 200-week SMA a resistance at $143.21. My annual risky level is $153.45.

Stock quotes in this article: TLT, GLD, NEM, XLE 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,424.85 +162.29 1.00%
S&P 500 1,862.31 +19.33 1.05%
NASDAQ 4,086.2250 +52.0640 1.29%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs