Market Timing Brief for the 10 Year Treasury Note Yield (TNX) Close on 12-06-2013: Will Rates Push Up to 3% Again Soon?

A Market Timing Report based on the 12-06-2013 Close published Sunday December 8th, 2013

The 10 Year Treasury yield tested the top of the yellow channel we’ve been following for months and failed to go further.  Despite this failure at resistance, the yield trend is still UP until proven otherwise.  This should have pressured interest rate sensitive stocks at the end of last week, but instead they moved up.  Find out what I’ve been buying on my Twitter feed, which always has the most up to date info during the week.  This rate game could shift quickly if the Fed surprises the market with a QE reduction in December.  Most are not expecting it until perhaps March of next year.  I can’t see it happening prior to Christmas.  The Fed would be shooting itself in the foot.

The chart below will determine the direction of gold in the near future (see gold chart link to the upper right).

Here is the interest rate chart for the 10 Year Treasury Note:


Rates locked in a range, but tested the upper end. Will they rise further and break through?

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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.

This entry was posted in Bonds, investment, Treasuries and tagged , , . Bookmark the permalink.

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