The yield on the 30-year U.S. bond traded as high as 2.639% on Friday, well above the 200-day simple moving average of 2.5%. The weekly shift in bond yields favors higher yields, with the bond above its key weekly moving average of 2.46%, and with the 200-week simple moving average at 3.057%. The weekly momentum reading has risen above the 80.00 threshold. Remember that when yields rise, the price of the bond declines. This week's value level is 2.659%.

Investors can trade the U.S. Treasury 30-year bond like a stock using the 20+ Year Treasury Bond ETF (TLT) - Get Report , an exchange-traded fund backed by a basket of U.S. Treasury bonds with maturities of 20 years to 30 years. As a stock-type investment, it never matures, and interest income is converted to periodic dividend payments.

Comex gold futures have been tracking the uptrend of the 200-day simple moving average since Oct. 6, when this average was $1,256.0. Friday's close of $1,276.8 the Troy ounce was above its 200-day average of $1,270.8. The weekly chart is negative but nearly oversold, with gold futures above the 200-week simple moving average of $1,274.1 and below the key weekly moving average of $1,290.7.

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

The Dow utility average has been claiming its 200-day simple moving average since Oct. 4, when this average was 655.89. It is now 662.60, vs. Friday's close of 661.99. The weekly chart has been upgraded to neutral from negative and shifts to positive this week given a close on Nov. 4 above its key weekly moving average of 664.55. This week's value level is 652.35, with my key level of 670.81 still in play until year end.

Investors seeking the safety of dividends can trade the Utilities Select Sector SPDR Fund (XLU) - Get Report , which is a basket of 28 utility stocks.

Investors betting that junk bond yields will tighten against U.S. Treasury bonds should consider the SPDR Barclays High Yield Bond ETF (JNK) - Get Report . Keep in mind that the performance of junk bonds correlates to the stock market, not to the bond market. This ETF set its 2016 high of $36.91 on Oct. 24, then closed last week below its 50-day simple moving average of $36.52.

The year-to-date gain for the S&P 500 SPDR ETF (SPY) - Get Report slipped to a gain of 4.3%, down from 4.8% on Oct. 21. The weekly chart remains negative.

The "flight to safety" investments ended last week with the U.S. Treasury bond ETF, the gold ETF and the utility stocks ETF still outperforming the S&P 500 ETF. The year-to-date gains for the ETFs for bonds, gold and utilities are 8.2%, 19.8% and 12%, respectively, vs. 10.6%, 19.1% and 10.9%, respectively, on Oct. 21.

Here's the daily chart for the bond ETF.

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Courtesy of MetaStock Xenith

The horizontal lines on the daily chart show the Fibonacci retracements of the rally from the June 26, 2015, low of $114.88 to the July 8 high of $143.62.

The bond ETF was above its 23.6% retracement of $136.86 on Sept. 22, and traded as high as $139.15 on Sept. 28. On Oct. 4, the bond ETF was back below its 23.6% retracement. It then tested its 38.2% retracement of $132.66 on Oct. 11. This level and my annual pivot of $132.45 became magnets until Oct. 26, as the ETF gapped lower to close the week at $130.45, above the 50% retracement of $129.26.

Investors looking to buy the bond ETF should continue to do so on weakness to $122.31, in play until the end of 2016, as the other key annual level of $132.45 remains a magnet. Investors looking to reduce holdings should consider doing so on strength to $142.11, which is the risky level for the remainder of the year.

Here's the weekly chart for the gold ETF.

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Courtesy of MetaStock Xenith

The horizontal lines on the daily chart for the gold ETF are the Fibonacci retracements of the rally from the Dec. 17, 2015, low of $100.23 to the high of $131.15, set on July 6.

The ETF gapped below its 23.6% retracement of $123.85 on Oct. 4, and tested its 38.2% retracement of $119.34 on Oct. 6. The low on this break has been $118.42, set on Oct. 7. Note how the gold bullion ETF has been climbing with its 200-day simple moving average since Oct. 6, as the average rose from $119.84 to $121.20 on Oct. 28 vs. the close of $121.58 on Oct. 28.

Investors looking to buy the gold ETF should do so on weakness to $115.64, which is a key level on technical charts until the end of 2016. Investors looking to reduce holdings should consider doing so on strength to $139.16, which is a key level on technical charts until the end of October.

Here's the weekly chart for the utilities ETF.

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Courtesy of MetaStock Xenith

The horizontal lines on the daily chart for the Utilities Sector ETF show the Fibonacci retracements of the rally from the Dec. 11, 2015, low of $41.50 and the July 6 high of $53.02.

The utility ETF traded as high as $51.23 on Sept. 27. That day proved to be a "key reversal," with the close below the Sept. 26 low of $50.64, and below the 23.6% retracement of $50.30. By Oct. 3, the ETF was below its 38.2% retracement of $48.61 and below its 200-day simple moving average, then at $48.50. The low of $46.79, set on Oct. 6, was below the 50% retracement of $47.25.

The utilities ETF has been rebounding since Oct. 6, but has stalled at its 38.3% retracement of $48.61 and below its 200-day simple moving average now at $48.94. Note how a "death cross" could be confirmed this week as the 50-day simple moving average is at $49. A "death cross" is confirmed when the 50-day simple moving average declines below the 200-day simple moving average to confirm that lower prices likely lie ahead.

Investors looking to buy the utilities ETF should do so on weakness to $43.10, which is the 200-week simple moving average. Investors looking to reduce holdings should consider selling strength to $51.19 and $51.46, which are key levels on technical charts until the end of 2016.

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

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Courtesy of MetaStock Xenith

The weekly chart for the junk bond ETF will be downgraded to negative if the ETF ends this week below its key weekly moving average of $36.50.

The ETF is well below its 200-week simple moving average of $38.64, and has been below this average since the week of Nov. 14, 2014, as the junk bond bubble was popping. Last week was a "key reversal," as the ETF set a new 2016 high of $36.91, then closed at $36.37, below the Oct. 21 weekly low of $36.52. The weekly momentum reading ended last week at 83.22, down from 88.03 on Oct. 21, and will likely be below 80.00 this week.

Investors looking to buy the junk bond ETF should do so on weakness to $32.98, which is a key level on technical charts until the end of 2016. The $36.46 level should remain a magnet until the end of the year. Investors looking to reduce holdings should do so on strength to $37.89, which is a key level on technical charts until the end of October.

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