Sector Investing

[ReturntoSender]

On Treasuries: I wanted to point out the write up I believe from last Monday at StockCharts.com:

http://stockcharts.com/members/analysis/20110822-1.html

If you cannot read it because you are not a StockCharts.com member this was the most important part:

Treasury bonds also have a pretty important vote when it comes to the US economy. In particular, Treasury yields decline when the economic outlook dims. Chart 1 shows the 10-year Treasury Yield ($TNX) dipping below its 2008 low last week. The outlook was pretty dim back in December 2008. The stock market went on to new lows in early 2009 and did not bottom until early March 2009. The fact that this key yield is back near its 2008 lows suggests that the prospects for a double dip are greater than 50%. Also notice that the 10-year Treasury Yield broke support from a massive triangle. Broken support around 24 (2.4%) turns into the first resistance level to watch. Chart 2 shows that the 20-year trend is down and this triangle break signals a continuation of this downtrend.

My Chart that will continue to update:



RtS