Last week’s Chart of the Week was the yield on 10 year Treasury bonds. See figure 1, a weekly chart.
Figure 1. $TNX.X/ weekly
Yields have yet to close above the 1.176 level on a weekly closing basis. As our bond model is bullish, I would view this as a good low risk entry to bet against yields (i.e., expecting higher bond prices).
We also had a bonus Chart of the Week last week and this was copper. I interpreted as bearish and the price action was exactly that. I remain bearish on copper. See our Chart Book for greater details.