2/18/2026
The media will claim the markets rallied today, well they did until they did not and pulled back. NDX has powered the rally with its tech heavy contents. Here the NDX was turned back at the downtrend line once agan. No te teh PMO at bottom is reording lower highs. Same thing more or less for RSI at top. The markets are slowly rolling over.
SPX is catching up on the downside. teh triple top shows slightly lower highs. takng out the two February lows will be significant.
TLT 2 Yr Bond
I am using TLT as it displays a bar chart format in stokcharts. RSI is toping as is PMO at bottom. The sharp rally was a result of the stock melt down last week, specifically in the Transports.
Here is a view of 1 year yields since the March 2020 low. teh at the 3/202 low is actually .5%, I wonder who bought those at that level? A long correction from the start of 2024 is now ending, watch teh Donald start to really get upset.
TBF a bear bond fund which advances as bond prices fall and rates rise
TBF has been correcting for some time. Long bonds hit 4.1% above the November low at 3.95%. Bond prices should begin falling and rates rising this week. Never mind what the FED says listen to the market.
Silvr is rallying. We will update when an entry to ZSL is appropriate.
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