entire treasury curve continues its move lower. All sectors have
broken upward sloping tend lines and have bearish MACD formations.
Money is flowing out of the markets and volatility is increasing. The
next logical target is the 200 day EMA on the TLTs.
The SPYs have moved to a six month high. Momentum is rising, the EMA picture is bullish and money is moving into the market.
The QQQs are approaching a 6 month high.
IWMs are still weak, but yesterday's price action eases the negative
reading. The EMAs are moving higher and momentum is positive. But the
CMF is still negative. Ideally, we'd like to see a stronger move in
this market to confirm the rally.
Oil has broken out from its consolidation. The price target is 100 (lows that were established in early April).
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.