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Thursday, November 11, 2010

Thursday updates!!!

This is a comparison of the percent difference (spread) on yields between short, and long term treasuries, using the 5 year and 30 year bonds. IMHO, this is not healthy and can only end badly.
Same chart as above, but with an over-lay of the SPX, interesting that the relationship was inverse, that is as spreads diminished the SPX was moving higher, and when spreads increased, the SPX was selling-off. Now they are both running together, yields are spreading as the SPX advances.

Click here for a live, and updated chart!!!
7:39, Last Fib line support from the gray fan is at 1200, a break below here opens the door to a test of 1150 from the longer-ter Fib fan.
Click here for a live, and updated chart!!!
7:33, For any chance of a new down trend the lower channel line needs to break first, then the SPX can start testing the previous lower lows.
7:29, There is a decent down channel forming on the SPX.

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