A Market Timing Report based on the 1-03-2014 Close published Sunday January5th, 2014
The 10 Year Treasury yield is back slightly below 3%, but above the breakout point noted last week and in the chart below. The Fed is lowering QE (Quantitative Easing) slowly, so rates should rise slowly. If they speed up their climb, stocks will take a hit, especially interest rate sensitive ones. Gold will likely fail to hold support as well (see GLD chart link to right).
The interest rate chart for the 10 Year Treasury Note:
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