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:
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