Tuesday, November 5, 2013

Yields Approaching Downtrend Resistance

I've never seen you look like this without a reason
Another promise fallen through
Another season passes by you
--Big Country

Long bonds selling off again, and 10 yr yields are approaching resistance defined by the short term downtrend--which also happens to correspond to the 50 day moving avg.

If yields break thru, then technicians will more seriously consider the possibility of a retest of early September's high at about 3%.

no positions

1 comment:

dgeorge12358 said...

The only protection against money pyramids and their subsequent collapse is sound money, money backed one hundred percent by reserves.
~Patrick Barron