Tuesday, February 16, 2010

Treasury Tuesdays

Note that the IEFs (the 7-10 year Treasury Bond market) rose to the 50% Fibonacci retracement level before hitting upside resistance.

A.) Note the EMA picture is very confused. All the shorter EMAs are in a tight bunch with no clear direction - none. While prices are below the 200 day EMA, they have been moving around it without making a firm move in one direction or the other.