Thursday, December 26, 2013

Market Extremes Will Be Rectified

10 yr rates have followed last week's breakout with more gains this week.  While I have been a broken record, the next 30 days should be one of bizarre and volatile moves in the bond and stock markets. Yields breaking out of a 5 yr down trend along with stocks pushing against resistance should be enough to get the correction no one thinks will ever come.
10 yr Treasury Yields Weekly Chart

5 yr Weekly S&P E-Mini Futures
60 min closeup 

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