Replies to post #23396 on ajtj99's Market Pulse

[ajtj99]

I think we need to wait and see what happens at 43. That's a falling resistance line on the TNX. They may not do anything until it hits 46.50.

There are lots of tax breaks that come off the book this year, and rising rates on the TNX will hurt the economy also.
Something like 1/4 of those new jobs reported last month were due to striking grocery workers resuming work if I've heard correctly. I think another chunk are temps.

[ajtj99]

HGSI is starting to look like a wedge off the lows, but if it breaks the channel around 13.20, that could become support:

http://stockcharts.com/def/servlet/SC.web?c=hgsi,uu[h,a]daclynay[pc9!c13!c20!d20,2!h.02,.20!c50!c100...