Short term, 30 day, treasuries? If the interest rates move up (as they have), then wouldn't the short term's catch them first???
Got a read on today's action. Thought I'd share it:
...the FTSE 100 and the DAX, EUSTOXX50 have not turned down yet. In fact, it appears that they spent the morning in a basing action... I still expect them to turn down soon, it may or may not happen today. When you can count 5 waves on 30 min chart from the apex of the triangle in those indices you are likely looking, at least, at a temporary top. ...it is best to take our lead now from these Indices...
DOW breaking out to a new high for this bear rally since March may seem a dramatic and important event, but consider that it could just as well be the last trick to ensnare more buyers before this fake rally goes down.
... Precious Metals still strong and I don't expect a serious weakness until the Stock Market reverses in earnest. Oil runs up in sympathy with stocks and may not hold on its own should the Stock Market take a serious dive soon.
... a fresh look at Asian Indices, they all deliver the same message: we are in the last legs of a bear market rally...