Replies to post #7282 on MDA - Market Direction Analysis (MDA)

[jglider]

one thing with bonds is end of month can screw this up
many times there's allocation into bonds at the end of the month
seen this a lot fwiw

[hawk]

Thanks

[Tom K]

I prefer to watch the price of 10 year treasury bonds. Below is an indicator adapted from Ned Davis Research. When six month rate of change is positive, it's bullish for stocks( the higher the momentum, the larger gain per annum for stocks. I've also noticed that when 10 year t-bonds are also above their long term smoothing, that's also bullish.