"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

Wednesday, August 15, 2012

T bonds bounce, decline anew

Last week we reviewed a chart looking for a bounce.  TLT promptly did so and then just as promptly resumed its decline.  A gap is being filled in a support zone, but the bond continues to look bearish on a short term basis, which would be supportive of the stock market again, on the short term.










 

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