Tuesday, October 27, 2009

Treasury Tuesdays

A.) The IEFs are bounded by two trendlines right now.

B.) There is a second upward trend that started at the beginning of August.

C.) There is a third trend line that is providing support for prices.

D.) Prices have moved through line C (mentioned just above).

Note that EMAs are turning bearish.

-- The 10 and 20 are moving lower.

-- The 10 day EMA has moved through the 200 day EMA; the 20 is about to.

-- The 50 is just turning negative.

-- Prices are below all the EMAs