Safe Haven ETFs Hold Up Despite Trump Rally

New York (Feb 21)  The momentum of the Trump stock rally remains strong, as the Dow 30, S&P 500, Nasdaq, Dow transports and Russell 2000 set all-time intraday highs on Thursday or Friday. The "flight to safety" exchange traded funds representing treasury bonds, gold bullion, utility stocks and junk bonds remain within trading ranges, with positive weekly charts.

The best investment for 30-year U.S. Treasury bonds is the 20+ Year Treasury Bond ETF (TLT) . Gold bullion is best represented by the SPDR Gold Shares ETF  (GLD) . Investors seeking dividends invest in the Utilities Select Sector SPDR Fund  (XLU) . Investors in high yielding bonds favor the SPDR Barclays High Yield Bond ETF  (JNK) .

Here's how the underlying investments are preforming now.

The yield on the 30-year U.S. bond has been in a trading range from a high of 3.215% on Dec. 12, to as low as 2.902% on Jan. 12. Last week this yield traded back and forth around its 50-day simple moving average of 3.059% and ended the week below it at 3.025%. My semiannual value levels are 3.302% and 3.467% with an annual value level of 4.137%. My weekly, quarterly and monthly risky levels are 2.956%, 2.790% and 2.536%, respectively, with an annual risky level of 2.276%.

Comex gold futures are in a trading range from a low of $1,124.3 the Troy ounce set on Dec. 15 to as high as $1,246.6 on Feb. 8, still below its 200-day simple moving average of $1,265.1. My semiannual value levels are $918.7 and $727.5, with quarterly and monthly pivots at $1,196.0 and $1,212.4, respectively, a weekly risky level of $1,275.9, and annual risky levels at $1,660.1 and $1,674.1.

Source: TheStreet