Bonds prices up, bond yields down. Bonds prices down, bond yields up.
This is an important day for watching bond yields, because the odds are now
starting to increase for an upside move on bond yields ... and that would
mean down movement on bond prices.
At the close yesterday, 30 year bond yields had closed at 38.45 which was
a level that was testing an April/September resistance line.
Our indicators are showing an upside yield bias so there is a "high probability" that
the 30 year yields will break above the 6 month resistance line today ... a "caution
alert" for those who own bonds. (10 and 30 yield bond yield charts are posted
daily on our Advanced Subscriber site.)
Marty Chenard is an Advanced Stock Market Technical Analyst that has developed
his own proprietary analytical tools and stock market models. As a result,
he was out of the market two weeks before the 1987 Crash in the most recent
Bear Market he faxed his Members in March 2000 telling them all to SELL. He
is an advanced technical analyst and not an investment advisor, nor a securities
broker.
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