Tuesday, December 8, 2009

Treasury Tuesdays

A.) In the last week we've seen a broad sell-off in the Treasury market. Notice the large gaps down.

B.) However, the EMA picture is extremely jumbled. Notice there is no clear direction. First, they are all in a very tight range. Second, prices are clustered around the 200 day EMA. The reason for this EMA confusion is

The Treasury market is moving sideways -- there is no trend.