Well, I can't say that I fully understand the bond market. And after reading that article… I don't! LOL. But, I do see it (TLT) rolling over on the daily and weekly charts.
There is a nice gap that needs to be filled on it at 102.29, and I suspect it will do so this week.
Interesting comments here on your blog re: default. Have you looked at pragcap.com? They have a good article on the bond bubble (myth) and why we are not revenue constrained. R we turning Japanese and can we continue to issue bond after bond – perhaps.
Since the 60 minute chart is overbought, I'd say we end up going down so today, and up the rest of the week. Of course if the non-farm payroll report is horrible, then we will fall off a cliff when it comes out.
That's San for you regular updates. We all do appreciate it, just in case you didn't know that. What's your thought's on the TLT (Bonds) on the weekly and daily basis?
Did anyone see any FP's over the weekend? I didn't, but I can't what everything. Remember, the first hour before the market opens is when they usually throw them out there.
Well, I can't say that I fully understand the bond market. And after reading that article… I don't! LOL. But, I do see it (TLT) rolling over on the daily and weekly charts.
There is a nice gap that needs to be filled on it at 102.29, and I suspect it will do so this week.
Interesting comments here on your blog re: default. Have you looked at pragcap.com? They have a good article on the bond bubble (myth) and why we are not revenue constrained.
R we turning Japanese and can we continue to issue bond after bond – perhaps.
http://pragcap.com/the-myth-of-the-great-bond-b…
Since the 60 minute chart is overbought, I'd say we end up going down so today, and up the rest of the week. Of course if the non-farm payroll report is horrible, then we will fall off a cliff when it comes out.
Financials and SPX going in opposite directions? Strange…
We shorts got trapped on Friday w/ the tag of 1039.
Now they appear to want to take us back up to the 38%fib 1071-1075. So we may have to hold out a bloody week..
gap filled
I will check it out leo
That's San for you regular updates. We all do appreciate it, just in case you didn't know that. What's your thought's on the TLT (Bonds) on the weekly and daily basis?
Dow Jones Futures before opening bell
Did anyone see any FP's over the weekend? I didn't, but I can't what everything. Remember, the first hour before the market opens is when they usually throw them out there.
I don't know if a break of the trendline overnight counts though? Plus, it broke that trendline last week, but managed to close above it on Friday.
That's a weekly chart, and we could easily go up first, and then break the trendline on Thursday and Friday economic news reports.