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Weekend polls from the U.K. show that the country will likely remain in the European Union following Thursday's referendum. This has U.S.treasury yields higher and Comex gold futures lower in premarket trading. Technical charts based on Friday's closes showed that "flight to safety" trades were overdone.  

The yield on the 30-year U.S. bond may have declined too far too fast, but strong technical momentum suggests that further declines could occur. Comex gold futures had the momentum to reach and test its 200-week simple moving average for the first time since May 2013, but stalled there. The search for dividends in utility stocks gets tougher as the Dow Utility Average stretches to another all-time high.

The yield on the 30-year U.S. bond traded as low as 2.345% last week approaching my downside target for 2016 of 2.265%. This week's key level is 2.393%.

Comex gold traded as high as $1,318.9 last week, testing its 200-week simple moving average of $1,312.3. This week's key level is $1,310.4.

Dow utilities traded to an all-time high of 686.75, with a key level for this week of 696.38. The average dividend yield is down to 3.4% and my key level for June is 666.67.

Investors can trade the U.S. Treasury 30-year bond like a stock using the 20+ Year Treasury Bond ETF (TLT) - Get iShares 20+ Year Treasury Bond ETF Report , which is an exchange-traded fund backed by baskets of U.S. Treasury bonds with maturities of 20 years to 30 years.

Investors should know that the bond ETF does not have a maturity and does not pay out interest income. It truly trades like a stock as it is a perpetual investment in treasury bonds. Most holding are held to maturity, but any new bond must have a maturity of more than 20 years. The interest earned by the exchange-traded fund is paid out in periodic dividends. When the fund needs adjust the size of its holdings all are adjusted by proportional percentages.

Investors can trade gold like a stock using the SPDR Gold Shares ETF (GLD) - Get SPDR Gold Shares Report , which is backed by gold bullion.

Investors seeking the safety of dividends can trade the Utilities Select Sector SPDR Fund (XLU) - Get Utilities Select Sector SPDR Fund Report , which is a basket of 29 utility stocks.

Investors betting that junk bond yields will tighten against U.S. Treasuries should consider the SPDR Barclays High Yield Bond ETF (JNK) - Get SPDR Bloomberg High Yield Bond ETF Report . Keep in mind that the performance of junk bonds correlates to the stock market, not to the bond market.

The S&P 500 SPDR ETF (SPY) - Get SPDR S&P 500 ETF Trust Report has a year-to-date gain of just 1.6%, while the U.S. Treasury bond ETF, the gold ETF and the utility stock ETF have year-to-date gains of 12.5%, 22.2% and 16.8%, respectively, as "flight to safety" investment strategies continue to outperform higher-risk equity investment strategies.

Here's the weekly chart for the bond ETF.

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Courtesy of MetaStock Xenith

The bond ETF has a positive weekly chart, with the ETF above its key weekly moving average of $132.39, and well above its 200-week simple moving average of $118.76, last tested in July 2015. The weekly momentum reading ended last week at 74.64, up from 66.20 on June 10.

Investors looking to buy the bond ETF should do so on weakness to $132.45, which is a key level on technical charts for the remainder of 2016.

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Investors looking to reduce holdings should do so on strength to $137.39, which is the maximum upside until the end of June.

Here's the weekly chart for the gold ETF.

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Courtesy of MetaStock Xenith

The gold ETF has a positive weekly chart, with the ETF above its key weekly moving average of $120.39. Last week's high of $125.67 was just shy of its 200-week simple moving average of $126.42. The weekly momentum reading rose to 57.02 last week, up from 51.80 on June 10.

Investors looking to buy the gold ETF should do so on weakness to $117.96, which is a key level on technical charts until the end of June.

Investors looking to reduce holdings should consider doing so on strength to $157.36, which is a key level on technical charts until the end of 2016.

Here's the weekly chart for the utilities ETF.

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Courtesy of MetaStock Xenith

The utilities ETF has a positive but overbought weekly chart, with the ETF above its key weekly moving average of $49.43, and well above its 200-week simple moving average of $41.74. The weekly momentum reading rose to 82.92 last week, up from 78.41 on June 10.

Investors looking to buy the utilities ETF should do so on weakness to $48.60, which is a key level on technical charts until the end of June.

Investors looking to reduce holdings should continue to do so above $50.15, which is a key level on technical charts until the end of June. This call is based upon a meager dividend yield of 2.91%. There are seven components of the Dow Jones Industrial AverageI:DJI that have a dividend yield above 3.5%.

Here's the weekly chart for the junk bond ETF.

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Courtesy of MetaStock Xenith

The junk bond ETF has a positive but overbought weekly chart, with the ETF above its key weekly moving average of $34.93. The ETF is well below its 200-week simple moving average of $39.03. The weekly momentum reading ended last week at 82.34, slipping from 85.95 on June 10. A weekly close below $34.93 will shift the weekly chart to negative.

Investors looking to buy the junk bond ETF should do so on weakness to $33.40, which is a key level on technical charts until the end of June.

Investors looking to reduce holdings should do so on strength to $37.53, which is a key level on technical charts until the end of June.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.