Always consider hidden risks
Canadian Bonds ETF XBB: Stealth Grind?
 February 08 2017 ( TradingView  )
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​The Canadian Universe Bond ETF - XBB 

​( iShares Canadian Universe Bond Index ETF ) broke on November 11 2016
​a ​Major Daily Support Trendline 
that started back since February 2 2015.
​ ​​(See First Chart Below- Red Trendline). The Trumpification of Financial Markets
​(pro-growth and reflation theme) just punished tremendously the Bond Market.

After finally bottoming out on January 26 2017, the XBB ETF start a painful Grind
within a Daily Uptrend Channel ​​​as
shown by ​the ​​first ​​chart ​below.

One interesting factor is that ​we are now back above the 50 DMA (Day Moving Average) that is so critical for Bulls to hold. ​(See first chart below - Red Line)
​All that within a falling trading volume. ​(See first chart below - Bottom Blue Area Chart)

Central Banks credibility now at risk as Government Bond rates are consolidating worldwide after a sharp sell off following the Trumpification of Financial Markets. That should keep investors chasing yield more cautious as they never did before into an old bond bubble zone... Maybe the best time for a Grind... The unexpected...

But the most interesting technical factor is that we are now above the Resistance of that Major Weekly Downtrend Channel (that started back since September 2016) for the ​XBB ETF. It could become a significant change for the Canadian Bond Market indeed if broken this week. ​​
​(See Second Chart Below - Thick Red Trendlines)​.


 Canadian Bonds ETF XBB: Stealth Grind?  $BONDS  #Trading #Canada  #investing #bonds #rates #risk #xbb
Daily Chart
​XBB ETF (  iShares Canadian Universe Bond Index ETF  ) 
20 DMA ( Yellow Line )
​​50 DMA ( Blue Line )
200 DMA ( Red Line )
Weekly Chart
​XBB ETF (  iShares Canadian Universe Bond Index ETF  )