Tuesday, February 3, 2009

Treasury Tuesdays



Click for a larger image

Notice the following:

-- Since the late December peak the 7-10 year Treasury market has been in a clear downward trajectory, making lower lows and lower highs.

- The 10 and 20 day SMA are both moving lower now.

-- The 10 day SMA has crossed below the 50 day SMA and the 20 is about to

-- Prices are below the 10, 20 and 50 day SMA