Market Timing Brief for the 10 Year Treasury Note Yield (TNX) Close on 10-25-2013: Rates Lower Still? Would be a Negative.

A Market Timing Report based on the 10-25-2013 Close published Sunday October 27, 2013

The yield on the 10 Year Treasury Note is down to another lower level of support this week.  Will it hold?  If it does not, it is a very negative sign for the economy as it says that the Fed has failed with its massive Quantitative Easing program to stimulate economic growth.  The stock market is vulnerable to a correction based on not meeting current estimates this quarter.  It may have one more push left in it.  We’ll probably know by Monday or Tuesday at the latest.  Please read my latest thoughts about the markets on the access page on the main website.  Get the password here: Free Subscription to My Newsletter

Here’s the chart:


Through one support level this past week and testing another.

Standard Disclaimer: It’s your money and your decision as to how to invest it.

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I thank Worden Brothers for the chart system I use to post these charts.  If you want to know more about the charting system I use every day, go to my “Other Resources” page here:  Other Resources   It makes it much easier to follow along with me if you can see the charts and manipulate them on your own computer, so it’s a great investment to have an excellent charting system.

Look for updates on the main chart tracking pages this week as I feel they are needed and comments via Twitter.

Copyright © 2013 By Wall Street Sun and Storm Report, LLC All rights reserved.

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