Short Term Trading Member Forum

[techcharter]

Bond-zai!! BondsAway!!

This is the type of hard reversal in the yield I was looking for. Interest rates should have a prety good rally since as ALL tech charts are sending the same message. The yield chart is leading the indicators by a day or two.

The Stochastics look like they will exit the "oversold" area and signal a buy on yields / sell the bonds tomorror or Thurs.

MACD has come very close to crossing the signal twice in the past few trading session. The MACD is also bottoming and set for a reversal.

The yield is pulling away from the bollinger bands. The Bands have been parallel and both pointing down. The price should rise quickly to the upper band and pause. This will give the bands time to pinch, and reverse course.

This area of consolidation will also be near the 50 DMA. The yield chart will test the 50 DMA as resistance. Once broken it will be tested for support.

http://stockcharts.com/def/servlet/SC.web?c=$tnx,uu[w,a]dacayyay[db][pb50!d20,2!f][vc60][iLp14,3,3!L...


Bond meltdown continues.