TLT Repelled At Resistance – Likely Headed Lower Near Term

posted in: Credit, Derivatives, Economy, Technicals | 0

Last week, bond bulls wasted a big opportunity.  Sort of.  Intraday Friday, 10-year Treasury yields broke down, but only to recover big by close. On December 15 last year, yields hit 2.62 percent before retreating.  This resistance goes back to … Continued

Small Caps Rally Back To Range Resistance – Shorts Can Get Active/Bulls Can Get Tempted To Sell

Down 5.6 percent from intraday peak to trough in 19 sessions, and then up 4.1 percent from low to high in five.  The Russell 2000 small cap index continues to play ping pong between range support and resistance. Last Friday, … Continued

Small-Cap Bulls Defend Support Again, Staring At Tons Of Resistance Above

posted in: Equities, Technicals | 0

Determined not to let go of nearly four-month support, small-cap bulls once again stepped up to the plate Monday. From down 1.4 percent intraday to close the session up 0.2 percent, the Russell 2000 small cap index initially got pushed … Continued

Dow On Pace To Creating History, Even As Sources Of Tailwind Stretched

posted in: Economy, Equities, Technicals | 0

The Dow Industrials is on pace to creating history this week.  Last Friday, it rose for 11 sessions in a row, for a cumulative gain of 3.8 percent.  The longest streak was recorded in January 1987 when it rallied 11 … Continued