"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, April 26, 2011

TYX & SPX updated

SPX is in a stance to target 1430, yet 30 year yields look like they are making a top (which would be confirmed only with a loss of noted support). Can we have bond yields break down and yet see the market continue happily higher for a while? Alternatively, will the toppy looking yield fake out deflationists and rise with markets as inflationistas insist they must? Beats me, I am just the chart guy and as of now, yields look toppy and SPX hints at a target of 1430.

http://www.biiwii.blogspot.com
http://www.biiwii.com