Yes, expecting that in stocks too into year end. Taking profits, while staying with the trend is how I was taught
I still like the way long end is hanging in there--rate hikes, positive econ, lingering signs of inflation (though seemingly dissipating), flattening yield curves, etc... I'm don't Ewave, but I appreciate the analysis nonetheless from all of you.
Hi Bunk... I couldn't open your chart, so I took a look. It looks kind of sloppy in here right now. It appears to be going up in threes and not fives from the early Dec low. Not sure what to make of it yet. Needs to break thru that 113.5 resistance. Maybe you can load that chart again? tony
Nice move for Bonds today, right into resistance: 113.5 Lets see if next week can bring the breakthru Happy Holidays!
We need to close below 4.6 on The Yield to further develop to the upside. Nice work Tony. Happy Holidays! el Surdo
That's it for bonds. I was very bullish when this whole thing started in early November but I have been disappointed by a much weaker rally than expected and the fact that bonds were only able to make substantial gains recently when markets where closing shop for the holidays. I'm now bearish.