Today I start a new series of charts on the US 10 year bond yield. There is only one notable feature on the yearly chart but it is impressive. Yields (loosely interest rates) have been falling for over 25 years! At this point there isn’t even a hint of divergence between RSI and price either. Tomorrow we will see what the quarterly chart says about this downtrend.
Technical Analysis of for longer-term positions:
Dollar Index: Out. (0.65 point loss after 1 trade). In bullish mode but at weekly chart resistance. Possibly a pullback/consolidation coming?
World Gold Index: Long from 1139.20 on 12/16/09. Still trying to hold TDST support at 1101.20. I am out on a close below that level.
Cash SP500: Out on a close below 1085.89.
10 yr Bond: Neutral, waiting for a signal.
CRB Index: Neutral. Has been consolidating since 10/21/09.
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