Click for a larger image
Notice the prices are way above the trend channel that lasted for most of nine months. That's a big deal
Click for a larger image
Notice the following on the daily chart:
-- Prices are 7% above the upper trend line of 9 month trend channel mentioned above
-- All the SMAs are moving higher
-- The shorter SMAs are above the longer SMAs
-- Prices are above all the SMAs
The 10-year treasury is currently yielding 2.15%. Who would have thought that was even possible? A county that is about to balloon its existing debt can do so at 2.15%? Go figure.
