Wednesday, July 31, 2013

Flirtin' With Resistance

I'm outta money, outta hope, it looks like self-destruction
Well how much more can we take with all of this corruption?
--Molly Hatchet

While off their intraday highs, ten year treasury yields are flirting with recent highs at ~2.7%.


Stochastics are not twisty overbought, meaning that there may be energy-in-reserve to mount a significant challenge to resistance here.

An important battleground here...

no positions

1 comment:

dgeorge12358 said...

Public opinion always wants easy money, that is, low interest rates.
~Ludwig von Mises