Here's the first test of this rebound in yields (10-year Treasury). If that can get taken out, the top of the gap would be the next test.
https://www.tsptalk.com/images/mb/091119a.gif
Printable View
Here's the first test of this rebound in yields (10-year Treasury). If that can get taken out, the top of the gap would be the next test.
https://www.tsptalk.com/images/mb/091119a.gif
10-year yield: Gap filled and resistance being tested. Here's the pivot point for the stock market, imho.
https://www.tsptalk.com/images/mb/091319c.gif
It would be more likely. On the other hand, if the resistance hold, stocks may pullback again.
There are other levels of resistance below 1.9% that could come into play before the 200-day EMA...
https://www.tsptalk.com/images/mb/091319d.gif
Stocks are bouncing back from some steep overnight futures losses. The S&P 500 is now down just modestly (about 7 points right now). Oil is up over 10%, bond yields are down, and small caps are rallying big again, nearly hitting Friday's highs again.
https://www.tsptalk.com/images/mb/091619b.gif
https://www.tsptalk.com/images/mb/091619c.gif
https://www.tsptalk.com/images/mb/091619a.gif
New highs in High Yield Corporate Bond Fund today, even after the negative reversal day on Friday? Interesting...
https://www.tsptalk.com/images/mb/091619d.gif
FedEx leading the Transports lower -nearly testing the 200-day EMA...
https://www.tsptalk.com/images/mb/091819a.gif
Petroleum price spike means Fedex will have to pay more for diesel fuel and jet fuel.
--->
The yield on the 10-year is slipping back below the 50-day EMA ...
https://www.tsptalk.com/images/mb/091919a.gif
... after reversing at some overhear resistance...
https://www.tsptalk.com/images/mb/091919b.gif
While the S&P 500 test the prior highs again...
https://www.tsptalk.com/images/mb/091919c.gif
The Transports are doing their part in holding at the key 50/200 day EMAs so far this morning. If they fail I assume filling the gap below would be next. Gaps do tend to get filled, but otherwise these EMAs would be a good place for the Transports to try stop the bleeding.
https://www.tsptalk.com/images/mb/092319a.gif
I have been giving the Russell 2000 the benefit of the doubt that this could be a bull flag, but the flag in July is a better example, while the current one may be getting too steep to be considered a flag.
https://www.tsptalk.com/images/mb/092419a.gif