The Bonddad Blog
Still nerdy after all these years
Tuesday, December 22, 2009
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The big news for the Treasury market was the trading range it was in for the last several months. This area was bounded by lines A and B.
C.) Prices broke through support yesterday.
D.) The MACD printed a lower level on the second top, indicating decreasing momentum for the market.
E.) Money is still flowing into the market long-term, but notice the A/D line decreased a bit over the last few weeks.