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Friday, February 6th

1已有 3342 次阅读  2015-02-09 15:11
Friday, February 6th. - Charts & Analysis are below the Quick Summary

ALERT: While there is an upside bias today, what will matter most today is probably the last hour of trading.  Inflowing Liquidity flowed in yesterday with the SPY, NDX, and the IWM having an upside breakout on their 30 RSI's.  At the same time, the NYA, the VIX, and the Inflowing Liquidity did not have a breakout of their triangular patterns yet.   The bias is up, but underlying conditions were still mixed so hedge any long positions.

Older comments:  "A crash is not out of the question, and if you have any long positions, they must be hedged as the downside risks are just too great now."
                               __________________________________________________  

Special Chart 1:  This chart shows the Liquidity Inflows into the stock market.   Liquidity had a higher/high up tick to Mid-Quadrant 1 Expansion territory.  The Danger is that it was still inside its triangular pattern which was breached on January 30th.  (The big danger area is the Contraction territory, should Liquidity fall that far.)

Special Chart 2:   This close up view of the VIX also shows a triangular pattern.   The VIX closed at 16.85 which was still  inside the second triangular formation.   The medium term negativity has not been erased, so that means go forward with trepidation.    Trepidation means "hedge any long positions, and/or initiate faster trades (intra-day)".  

Special Chart 3:  An up tick was seen on the NYA yesterday, and this tick was still inside its triangular pattern ... NO breakout yet.

Special Chart 4:  This chart shows the SPY's recent action.  Note that it had a breakout tick yesterday which wasn't in concert with the NYA Index yet.  Also note how it currently has two breaches ... above and below the triangle, so the breakout direction is one that doesn't show total commitment yet.

Special Chart 5:  This chart is a Monthly Banking Index chart that we look at.   It plots the Monthly Banking Index against an 11 Month RSI.  Note what is happening here.  Note that the 11 month RSI had been testing its 6 year support line and held it with a bounce on February 2nd. ... and it held again yesterday.   However, as long as the RSI indicator is below its triangular pattern, there is weakness ... below the 50 line is a down condition for the banks.   Do remember that this is a Monthly chart that only registers its final reading on the last day of the month which will technically be at the end of the February now. 
                               __________________________________________________  

Section 1, Chart 1:  This chart shows the Options Inflowing Liquidity daily activity.   The Options Liquidity Inflow'shad a positive tick, with trend lines moving up.   The bias of the Options Liquidity had a positive tick with trend lines moving up.       >>> The Options Liquidity Inflow's Timing Indicator's had trend  lines were negative with a slight up tick.   The fast, thick red indicator line had an up tick that was in positive territory ... it didn't make a higher/high yet.   This is a High Danger condition that is showing a short term upside condition and one that could turn much lower very quickly The Momentum Gain/Loss Indicator is still positive with an up tick.  (The dominant indicator on this chart is the red mountain chart of Inflowing Liquidity on Options with the pink background.)

Section 1, Chart 2:   The Stock Market's Inflowing Liquidity levels showed inflowing Liquidity had an up tick to Mid-Q1 expansion territory ... it was still inside its triangular formation.  The indicators at the top of the chart are showing a short term positive bias that still has to deal with (coming) the triangle's upper resistance.

Section 1, Chart 3:  This is the Institutional Investor daily Buying and Selling activity chart.   Institutions were in low Accumulation.  Buying had an up tick, and Selling had a down tick.   (The aggressive Institutional Investors were in low Accumulation.)

Section 1, Chart 4:  Institutional Selling trend lines were in a technical down trend which was moving is a sideways range.     The first two indicators are showing a short term upside bias.

Section 2 Super Accelerator Summary:  *** The Super Accelerators all showed a Sell  condition on February 30th.with the possibility of a short term snap back to the upside.  Yesterday, that snap back was still playing outThis is a very challenging, extreme condition with multiple triangular resistance levels approaching ... this is a Danger Condition.

Quick-View of Liquidity Inflows and Institutional Buying & Selling from Section1:
This is daily Liquidity Flow matrix chart.   This information is critically important because the stock market follows the direction of money flows.  It is the root cause of the market's reaction and trends.   The matrix below shows the daily Net Condition of Inflowing Liquidity sources and Institutional Investor Accumulation/Distribution actions ... the Consensus for these four models is on the bottom. 

Liquidity Related 
Activity


Quadrant and/or Comments:

Inflowing Market Liquidity

Inflowing Options Liquidity

Inflowing Options Bias

Options Timing Indicator

Net Condition

End-of-Day Options Inflowing Liquidity.

 

 

A strong positive tick with trend lines moving up.

A strong positive tick with trend lines moving up.

The trend lines were negative with an up tick.

The fast, thick red indicator had an up tick in positive territory that did not make a higher high yet.

The trend lines were negative with an up tick. The fast, thick red indicator had an up tick in positive territory that did not make a higher high yet.

The SPY broke above its triangular pattern yesterday, and the Momentum Gain/Loss Indicator was positive with an up tick.

Inflowing Stock Market Liquidity.

 

The NYA Index's Inflowing Liquidity had an up tick to Mid-Q1 expansion territory that was stillinside its triangular formation.

 

 

 

The NYA Index's Inflowing Liquidity had an up tick to Mid-Q1 expansion territory that was still inside its triangular formation.

Institutional Accumulation or Distribution

Institutions were in low AccumulationBuying had an up tick, and the Selling had a down tick. 
(Aggressive's were in low Accumulation.) 

 

 

 

 

Institutions were in low Accumulation Buying had an up tick, and the Selling had a down tick. 
(Aggressive's were in low Accumulation.) 

Institutional Selling Activity

Institutional Selling had a down tick with the trend lines moving down and in a trading range.

 

 

 

 

Institutional Selling had a down tick with the trend lines moving down and in a trading range.

Consensus:

>>>>>>>>>>>>

> 02-06A

The Super Accelerators all in their snap-back up move and it was still playing out yesterday.

This is a very challenging, extreme condition with multiple triangular resistance levels quickly approaching ... A Danger condition that should be hedged. 

Quick-View of Market Model Trending Readings Found in Section 2:
In this Model matrix, the Multi-Indicator and the Super Accelerator conditions are presented in a Quick-Read format .  The Consensus for these models is on the bottom line.  

ModelSuper 
Accelerator
S.T. AcceleratorMACDC-RSIOptions Liquidity TimingNet Condition
Multi Indicator: 

The Accelerator's trend lines were at a low positive and  trending higher.

The fast green bar had a positive tick.

The MACD trend lines were slightly negative and trending higher.

The daily fast tick was positive.

The NYA's 30 CRSI was at aCaution-Positivelevel of +2.94

The trend lines were negative with an up tick.

The fast, thick red indicator had an up tick in positive territory that did not make a higher high yet.

This model showed a mixed-negative bias.   This is a High Caution condition.  If you are still long, please make sure you are properly hedged.

The SPY Super Accelerator
SPY ... see the Net Condition column on the right.

The Super Accelerator was in Mid-Q2 territory and showing a small positive bias.

An up tick to the Q1Q2 line, with trend lines moving higher.

 The CRSI was at a Caution-Positive Level  of +3.43. 

The SPY:  We had been commenting that the SPY was in a Caution-UP condition that should be hedged. On January 30th, it was in Sell condition with the possibility of a short  term snap back to the upside. Yesterday, that snap back was still playing out.

The NDX Super Accelerator ... see the Net Condition column on the right.

The Super Accelerator was in Lower-Q1 in a weak technical up trend.

An up tick to Upper-Q2 expansion territory with trend lines  moving higher.

 

The CRSI was at a Caution-Positive Level of+3.41.

 

The NDX/QQQ: We had been commenting that the NDX was in a Caution-UP condition that should be hedged.  On January 30th, it was in Sell condition with the possibility of a short  term snap back to the upside.  Yesterday, that snap back was still playing out.

The IWM Super Accelerator ... see the Net Condition column on the right.

The Super Accelerator trend lines had an up tick to Mid-Q1 positive territory in a technical down trend.

An up tick to Lower-Q1 expansion territory with up moving trend lines

 

Caution-Positive Level of+4.62.

 

The IWM:  We had been commenting that "this was a very Dangerous condition that should be hedged and that it could end up being a canary in a coal mine ... keep an eye on it."

On January 30th, itwas in Sell condition with the possibility of a short  term snap back to the upside. Yesterday, that snap back was still playing out.

Consensus:>>>>>>>>>>>>>>>02-06B

The Super Accelerators all in their snap-back up move and it was still playing out yesterday.

This is a very challenging, extreme condition with multiple triangular resistance levels quickly approaching ... A Danger condition that should be hedged. 

This is a quick overview of underlying conditions over the past 3 days:  0 Negative readings, 0 Lesser Negative readings, 1 Neutral Reading, 4 Positive readings, and 3 Lesser Positive readings.  

Indicator

Condition and color wanted for an up condition.

Tuesday's Close 
February 3rd.
Condition:
Wednesday's Close 
February 4th.
Condition:
Thursday's Close 
February 5th.
Condition:
1. Unweighted, Positive Sector Stocks above Equilibrium.

A majority of Unweighted Positive Strength stocks above the Equilibrium line. (Based on a 20 day movement period)

Unweighted Positive Stocks showed 66.80% of the S&P stocks having Positive Strength. 

Unweighted Positive Stocks showed 60.20% of the S&P stocks having Positive Strength. 

Unweighted Positive Stocks showed 69.80% of the S&P stocks having Positive Strength. 

2. A comparison of the number of Very Strong and Very Weak Feeder stocks.

 

The # of Very Strong Feeder stocks higher than the the # of Very Weak Feeder stocks.

The number of Very Strong stocks versus the number of Very Weak stocks was:
39 vs 4

The number of Very Strong stocks versus the number of Very Weak stocks was:
27 vs 10

The number of Very Strong stocks versus the number of Very Weak stocks was:
48 vs 6

3. New Highs Trender

Above 180 wanted.

211 (Above 180 wanted)

175 (Above 180 wanted)

167 (Above 180 wanted)

4. New Highs Raw Data

46 to 86 =s neutral.
100+ is positive;
150+ is target.

199 ... A Positive reading.

140 ... A Lesser Positive reading.

158 ... A Positive reading.

5. New Lows

At or Below 28 Wanted.

17 (At or Below 28 wanted.)

24 (At or Below 28 wanted.)

16 (At or Below 28 wanted.)

6. Institutional Buying & Selling Action

Accumulation

Institutions were in low Accumulation with the Aggressive Institutional Investors being in low Accumulation.

Institutions showed a down tick in Accumulation with them being in low net Accumulation with the Aggressive Institutional Investors also being in low Accumulation.

Institutions showed an up tick in Accumulation with Institutions being in low net Accumulation and with the Aggressive Institutional Investors also being in low Accumulation.

7. Long Term Liquidity Inflows

Expansion Territory

Liquidity Inflows had an up tick to Low-Q1 positive territory. 
CautionThe move was still Inside the triangle after previously breaching the triangle's support line.

 

Liquidity Inflows had a down tick to Upper-Q2 positive territory. 
CautionThe move was still Inside the triangle after previously breaching the triangle's support line.

 

Liquidity Inflows had an up tick to Mid-Q1 positive territory. 
CautionThe move was still Inside the triangle after previously breaching the triangle's support line.

 

8. Daily VIX Reading

The VIX is subject to its behavior analysis

The VIX closed at 17.33 which was inside the new  triangular formation, but with an up and down breach of the prior formation.

The VIX closed at 18.33 which was inside the new  triangular formation, but with an up and down breach of the prior formation.

The VIX closed at 16.85 which was inside the new  triangular formation, but with an up and down breach of the prior formation.

Color Codes:
positiveslightly positive
neutral 
negativeslightly negative

 

 

 

Your Additional Chart Commentaries are below:

> The Institutional Index, the SPY and the NDX were all above their support lines while the NYA Index and IWM were below their resistance line.

> The Banking Index ... The Banking Index closed at 70.06 with a C-RSI at a negative level of -0.94.  For Today: Note that the Accelerator was negative with an up tick.  The Timing Indicator was still negative and showing a very small up tick.

The U.S. Dollar:   The Dollar closed at 93.569 with the CRSI at 62.8.   No Change:  (Here is where the Danger condition comes in to play.)   Do remember that this remains a Dangerous condition where a blow out level ... with a sharp down move typically occurs after the up move finishes.  - - Ref: U.S. Dollar symbol: USDX, or $USDX. 

10 Year bond yields (TNX) closed at 18.15   No Change:  As we have been commenting, we could see high volatility at this juncture  The Fed's advantage will be tested now.   There is a down trend going on with a counter upside bias trying to build.    (Older comments:   >>> Investing Philosophy to consider:  1. Don't invest in stock or medium that you don't understand.  2. Don't invest in anything that is "interfered with" or "manipulated".   The TNX and TYX fit the second category with the Fed's interventions. 

30 Year bond yields (TYX)   No Change:   The TYX closed at 24.22.  An early, short term upside bias has been developing yesterday within the medium term down trending.  Today should test the 24.52 resistance level.  There is a significant battle going on with the bias being negative.... Note that something else could be going on with yields ... Belgium, Denmark, France, Greece. Ireland, Netherlands, Poland, Portugal, Spain, and Sweden are experiencing deflation.   The danger for us is "if and when" the tide of deflation could become large enough to over power us. >> Older comments:   The Fed thinks they have it "under control" for pushing yields to the downside, but they are likely under estimating the longer term opposition."  >>> Investing Philosophy to consider:  1. Don't invest in stock or medium that you don't understand.  2. Don't invest in anything that is "interfered with" or "manipulated".  The TNX and TYX fit the second category with the Fed's interventions. 

Special Charts Section ...

Special Charts and Comments: 

Special Chart 1:  This chart shows the Liquidity Inflows into the stock market.   Liquidity had a higher/high up tick to Mid-Quadrant 1 Expansion territory.  The Danger is that it was still inside its triangular pattern which was breached on January 30th.  (The big danger area is the Contraction territory, should Liquidity fall that far.)

Special Chart 2:   This close up view of the VIX also shows a triangular pattern.   The VIX closed at 16.85 which was still  inside the second triangular formation.   The medium term negativity has not been erased, so that means go forward with trepidation.    Trepidation means "hedge any long positions, and/or initiate faster trades (intra-day)".  

Special Chart 3:  An up tick was seen on the NYA yesterday, and this tick was still inside its triangular pattern ... NO breakout yet.

Special Chart 4:  This chart shows the SPY's recent action.  Note that it had a breakout tick yesterday which wasn't in concert with the NYA Index yet.  Also note how it currently has two breaches ... above and below the triangle, so the breakout direction is one that doesn't show total commitment yet.

Special Chart 5:  This chart is a Monthly Banking Index chart that we look at.   It plots the Monthly Banking Index against an 11 Month RSI.  Note what is happening here.  Note that the 11 month RSI had been testing its 6 year support line and held it with a bounce on February 2nd. ... and it held again yesterday.   However, as long as the RSI indicator is below its triangular pattern, there is weakness ... below the 50 line is a down condition for the banks.   Do remember that this is a Monthly chart that only registers its final reading on the last day of the month which will technically be at the end of the February now.


Section 1. - "Money makes the World Go Round" ...
and it also makes the Stock Market Go Round. ...

    This is Section 1 ... This information is critically important because the stock market follows the direction of money flows.  It is the root cause of the market's reaction and trends.   The charts below shows the daily Net Condition of Inflowing Liquidity sources and Institutional Investor Accumulation/Distribution actions. 

    Section 1, Chart 1:  This chart shows the Options Inflowing Liquidity daily activity.   The Options Liquidity Inflow's had a positive tick, with trend lines moving up.   The bias of the Options Liquidity had a positive tick with trend lines moving up.       >>> The Options Liquidity Inflow's Timing Indicator's had trend  lines were negative with a slight up tick.   The fast, thick red indicator line had an up tick that was in positive territory ... it didn't make a higher/high yet.   This is a High Danger condition that is showing a short term upside condition and one that could turn much lower very quickly The Momentum Gain/Loss Indicator is still positive with an up tick.  (The dominant indicator on this chart is the red mountain chart of Inflowing Liquidity on Options with the pink background.)

    Section 1, Chart 2:  Chart of Long Term Trending Fed. Liquidity, Institutional Investors, and Foreign Liquidity Inflows ...

    Section 1, Chart 2:   The Stock Market's Inflowing Liquidity levels showed inflowing Liquidity had an up tick to Mid-Q1 expansion territory ... it was still inside its triangular formation.  The indicators at the top of the chart are showing a short term positive bias that still has to deal with (coming) the triangle's upper resistance.

    Section 1, Chart 3: Institutional Buying and Selling Activity ...

    Institutional Buying & Selling

    Section 1, Chart 3:  This is the Institutional Investor daily Buying and Selling activity chart.   Institutions were in low Accumulation.  Buying had an up tick, and Selling had a down tick.   (The aggressive Institutional Investors were in low Accumulation.)


    Section 1, Chart 4: The Market Direction is Affected by the amount and trending of Institutional Selling ... 

    Section 1, Chart 4:  Institutional Selling trend lines were in a technical down trend which was moving is a sideways range.     The first two indicators are showing a short term upside bias.

    Section 2. - Market Models: 
    In this Section, the Multi-Indicator and the 
    Super Accelerator charts are presented with commentary.

    Section 2, Chart 1:  Our Multi-Indicator Model is below.  It is comprised of our Accelerator, a MACD-C, our Accelerator, a 4/9/30 C-RSI (Zero-based Relative Strength), and a Options Timing Indicator.

    The chart and readings are below:
    a.)  The Accelerator's trend lines were neutral with trend lines that went to a technical up trend.  
    The green bar had a positive tick.
    b.)   The MACD trend lines were at a low positive with merged trend lines moving higher.

    c.)  
    The NYA's 9 CRSI closed at +9.25 and the 30 CRSI that came in at a Positive level of +2.94.   The 4 CRSI came in at +17.6.
    d.)  The Options Liquidity Inflow's Timing Indicator showed trend lines were in negative territory with up movement that hasn't made a higher/high yet.

    Conclusion   The NYA had an up signal on October 21st., and a sell signal at the close on December 11th.    A new struggling buy was initiated on December 18th. and it went to a sell at the close on January 5th.   This is a VERY DANGEROUS-mixed condition with a Downside Bias trying to gain an upside bias.


    _________________________________________

    Before we go to the Super Accelerator charts, here is the legend for the C-RSI levels and below that are the C-RSI level readings for the past 5 days.  
    (Note: If there are any Black cells, they indicate that an ETF is in a Super Accelerator Sell condition.) 


    Section 2, Chart 2:  ** The S&P (SPY) Super Accelerator ...

    For Today:    The SPY's Super Accelerator was in Mid-Q2 territory with its trend lines showing a small positive bias.  The S.T. Accelerator's trend lines had an up tick to Q1-Q2 line, with trend lines showing up movement.  The CRSI was at a Caution-Positive level of +3.43 and above a resistance line   We had been commenting that the SPY was in a Danger-UP condition that should be hedged.  On February 30th. it was in a Sell condition with the possibility of a short  term snap back to the upside.  Yesterday, that snap back possibility was still in play.


      _________________________________________

    Section 2, Chart 3:  The NASDAQ 100 Super Accelerator ... 

    For Today:
      
    The NDX's Super Accelerator was in lower Q1 territory while in a weak technical up trend. The S.T. Accelerator's trend lines had an up tick to Upper-Q2 expansion territory with trend lines moving higher.   The CRSI was at a Caution-Positive level of +3.41.    Last week, we commented that the NDX/QQQ was in a Caution-UP condition that should be hedged.    On February 30th. it was in a Sell condition with the possibility of a short  term snap back to the upside.  Yesterday, that snap back possibility was in play.


    ______________________________________

    Section 2, Chart 4:  *** The Russell 2000 Super Accelerator ... 

    The IWM's Super Accelerator's trend lines had a small up tick to Mid-Q1 positive territory with trend lines in a technical down trend.   The S.T. Accelerator's trend lines had an up tick to Lower-Q1 expansion territory with up moving trend lines.     The IWM went from a Sell condition into its possibility of a short  term snap back to the upside ... (the IWM could end up being a canary in a coal mine) keep an eye on it."  The CRSI was at a Caution-Positive level of +4.62.  

    Super Accelerator Model Synopsis for the above charts:   

    Section 2 Super Accelerator Summary: *** The Super Accelerators all showed a Sell  condition on February 30th.with the possibility of a short term snap back to the upside.  Yesterday, that snap back was still playing out.  This is a very challenging, extreme condition with multiple triangular resistance levels approaching ... this is a Danger Condition.

    Section 3. - Comparative Index Readings 
    for the Institutional Index, the NYA, SPY, NDX, IWM, and the VIX Index.
      
     

    Section 3, Chart 1:   The Institutional Index, the SPY and the NDX were all above their support lines while the NYA Index and IWM were below their resistance line.

    [Chart Background:  Institutional Investor holdings represent over 50% of the market's investment in equities.   As an index, Institutional Index movements track better than any other indicator as the the market's movement and direction.

    Section 3, Chart 2:  The VIX closed at 16.85 which was still  inside the second triangular formation.   The medium term negativity has not been erased, so that means go forward with trepidation.    Trepidation means "hedge any long positions, and/or initiate faster trades (intra-day)".  


    Section 4. - Longer Term Bull/Bear Market Chart ...

    *** Longer term charts in this section are updated only once per week on MONDAY morning

    Section 4, Chart 1:  The Long Term Bull/Bear Model for the S&P 500 ...

    Monday, February 2nd.  The Bull Market showed that it was weakening and stress-risk levels wereincreasing, while the Bull was struggling to hold on.  The MACD was at a low negative level while showing a negative divergence.  The Monthly C-RSI came in at +17.10, Down from +23.79   This is late in the Bull's up trending but the Bull has not died yet.   (Old comments: This was showing a characteristics of an upside "blow out" rather than a new, stronger economy coming.)  FYI ... don't forget that this is a "monthly" chart and that this is only a "weekly look" at the progress or changes in a "monthly" chart which will technically end on February 27th. now.


    Section 5. The Banking Index ...

    Section 5, Chart 1:  ...  The Banking Index (Symbol: $BKX)

    The Banking Index ... The Banking Index closed at 70.06 with a C-RSI at a negative level of -0.94.  For Today: Note that the Accelerator was negative with an up tick.  The Timing Indicator was still negative and showing a very small up tick.

    Section 5, Chart 2:   Below is the Banking Index's Point & Figure chart.  This long term chart has been pointing out the dangerous condition that the banking system is in.  Note that the Banking Index has been stalled around the 50% Fibonacci (Point & Figure) level and that it breached the support on October 15th. which will become a problem at some point. 


    Section 6. - The U.S. Dollar, 10 and 30 Year Bond Yields.

    Section 6, Chart 1:  The U.S. Dollar ... Daily Chart

    The U.S. Dollar:   The Dollar closed at 93.569 with the CRSI at 62.8.   No Change:  (Here is where the Danger condition comes in to play.)   Do remember that this remains a Dangerous condition where a blow out level ... with a sharp down move typically occurs after the up move finishes.  - - Ref: U.S. Dollar symbol: USDX, or $USDX. 


    Section 6, Chart 2:  The U.S. Dollar ... Longer Term ... 

    For perspective, this is the Longer Term chart of the Dollar.  

    _______________________________________

    Section 6, Chart 3:  10 Year Bond Yields. 

    10 Year bond yields (TNX) closed at 18.15   No Change:  As we have been commenting, we could seehigh volatility at this juncture  The Fed's advantage will be tested now.   There is a down trend going on with a counter upside bias trying to build.    (Older comments:   >>> Investing Philosophy to consider:  1. Don't invest in stock or medium that you don't understand.  2. Don't invest in anything that is "interfered with" or "manipulated".   The TNX and TYX fit the second category with the Fed's interventions. 


    Section 6, Chart 4:  10 Year, Weekly Bond Yields. 

    This is a weekly chart of the 10 Year bond yields.   The bulls have been showing strength.  *** We are now in an area where the TNX is at an important decision point.


    Section 6, Chart 5:  30 Year Bond Yields.

    30 Year bond yields (TYX)   No Change:   The TYX closed at 24.22.  An early, short term upside bias has been developing yesterday within the medium term down trending.  Today should test the 24.52 resistance level.  There is a significant battle going on with the bias being negative.... Note that something else could be going on with yields ... Belgium, Denmark, France, Greece. Ireland, Netherlands, Poland, Portugal, Spain, and Sweden are experiencing deflation.   The danger for us is "if and when" the tide of deflation could become large enough to over power us. >> Older comments:   The Fed thinks they have it "under control" for pushing yields to the downside, but they are likely under estimating the longer term opposition."  >>> Investing Philosophy to consider:  1. Don't invest in stock or medium that you don't understand.  2. Don't invest in anything that is "interfered with" or "manipulated".  The TNX and TYX fit the second category with the Fed's interventions. 

    Section 6, Chart 6:   30 Year, Weekly Bond Yields.

    This is the TYX's weekly chart.   The Fed is trying to fight any up movement "tooth and nail", so the jury is still out as to who wins.  - The Fed is in a tough situation because they cannot let rates rise too much without getting the Federal Government in trouble.


    Section 6, Chart 7:  30 Year Yields, Point & Figure Chart.

    Below, is the 19 year Point & Figure chart showing the 15 year down sloping resistance line for 30 year bonds yields (TYX).  Note the TYX now has a Point & Figure resistance at 34.5 and a support at 25.02.  There is still a lot of work to do in order to start a new long term up trend on 30 year interest rates. 

    Time to start paying attention to this chart, as things are starting to heat up.

    Historical comments:  ... Something is going on here.   **Do not under-estimate the importance of such an event.  It will be a "game changer" that causes market pressure on the economy along with the necessary re-evaluation of future economic forecasts. 

    # # #

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