NEW YORK (TheStreet) -- For investors not into stock picking or trading commodity futures or bonds, you can do so using the popular exchange traded funds or ETFs I have been profiling in various articles on TheStreet.com. In other words you can trade these markets like stocks in ETFs.
On Sept. 4 I wrote Higher Yields on Bonds, Gold and Crude Oil, and since then bonds have been moving higher with gold and crude oil moving sideways to down.
On Sept. 18 I wrote How Capital Markets Will React to FOMC News where I updated the risk/reward for these markets as they react to the Fed statement and Fed Chief Ben Bernanke's press conference.
The yield on the Treasury 10-year note peaked at 3.007% on Sept. 6, and the yield on the 30-year bond peaked at and 3.94% on Aug. 22.My call for September was that these yields will form trading ranges influenced by monthly pivots at 2.725% on the 10-year and 3.738% on the 30-year and this proved to be the case. (TLT) ($105.80). The Treasury ETF is above its 50-day simple moving average at $105.23 with the 200-day SMA a strong resistance at $114.00. The weekly chart ended last week positive with rising momentum with the close above the five-week modified moving average at $105.74 with the 200-week SMA at $107.82. My weekly value level is $103.60 with a monthly risky level at $107.27. My semiannual value level lags at $92.32 with quarterly and semiannual risky levels at $111.43 and $120.62. After continuing to fail at its 50-day SMA at $1,344.7 an ounce, Comex gold ($1,287.6) is back below $1,300 trading to a Tuesday low at $1,290.5 as the daily chart shifts to negative. The weekly chart stays negative if Friday's close is below the five-week MMA at $1,333.2 with the 200-week SMA at $1,475.2. Daily and monthly value levels are $1,271.9 and $1,145.2 with weekly, quarterly and annual risky levels at $1,401.6, $1,435.6, $1,599.9 and $1,852.1. Continue to trade the gold market just like a stock using an ETF. SPDR Gold Trust (GLD) ($124.59) is below its 50-day SMA at $130.04 with the 200-day SMA at $141.78. The gold index is below its five-week MMA at $129.82. My monthly value level is $110.40 with weekly and quarterly risky levels at $135.16 and $138.20.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV