A Market Timing Report based on the 11-01-2013 Close published Sunday November 3, 2013
The 10 Year Treasury yield is moving up again. See the reversal back above the red line now just below the current price? This will once again pressure bonds and interest rates sensitive stocks like housing stocks and REITs. My first target in this move is the yellow line just above the current price in the chart below which is at about a yield of 2.737% (divide the number on the chart by 10). Read my take on the SP500 Index and Gold as well (link to right – will be updated on Sunday, Nov. 3rd).
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Look for updates on the main chart tracking pages this week as I feel they are needed and comments via Twitter.
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