The Internet market analysts look to those markets in the future, move the clues on the bond and stock markets, in particular, taking into account the relationship between the Chief signals, when they occur.
This week, gave us a firm dividing line, the 10-year Treasury Note yield, which led to the break-off of the Bond at a later date/Note prices, such as the TLT and the IEF (resources).
Let's take these movements, and the S & P, all the way to the 500 to together.
First, the 10-year Note yield in pure chart ($ TNX):
I will return in a candlestick View it in the line of the other chart, the chart represents the profit, ..., 30, on the right side is actually 3,0% yield.
The current support in June, July, broke this week with the 2.9% level, which resulted in a dramatic three-day Treasury yields.
You can see that the harvest also appeared at the level of 3.2% in may, which was the level of aid for the previous harvest.
Is assumed to be related to the use of ETFs in price breakout:
We are in the popular Bond Fund's drawing of the TLT (ETF), which many short term traders (or even to investors) to use when they want to play for the transition to the bond market, without the physical form of debt.
TNX for the $ (in 10-year note) is a fund comparable IEF, so make sure that the show this Fund.
TLT resistance formed a stable of 94 $ broke last Friday to give us the current three-day sharp rally at. for breakout
Atmosphere – the Congress of the United States outside, avoid default – the great, in turn, became the worse than expected financial reports in the series, which removed the focus back to economic decline.
Investors seem to have omitted from the stocks and scurried from the debt, which has led to the breakout of the bond market and the stock of any breakdown of the market.
Talking about the closing of the stock, Bond and stock markets have conversely declared that will make the Bond/Note yields positive compared to stocks.
This is the current image on the market and stocks and the yield on the 10-year relationship with:
You can see how the yield on the 10-year music tracks in parallel (positive) on the S & P 500 in the game controllers, the price swings.
However, you can also see the return of (red) formed in the lower high ("LH") in April and then depressing the lower of the little stores in June are being pushed (green) is higher the higher high and low.
This is the Internet market and the possibilities of Non-confirmation of symbol as the yield on the 10-year. Bonds tend to lead the market with stocks of key rounds.
The yield on the 10 years the formatted last July during the swing, the equivalent of the lower high 1,350 3.2%, 2.9%, prior to the latest firmly support, in accordance with the diagram above.
Stocks have not yet removed the important support level of 1,260 1250/, but it has already been disconnected from their support in the key of the SMA 200 d. Specification of less than 1250 is likely to be seen in the stock market in a very negative sign.
This is something to watch closely – the Treasury yield of 10 years, which corresponds to the (currently) the sudden breakdown of the 7-day decline in the S & P 500.
See these market together with the S & P 500, came, and the Dow Jones in their critical key to Make-or-Break to level.
Corey Rosenbloom, CMT
Afraid to Trade.com
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