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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 692.27+0.3%Jan 15 4:00 PM EST

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To: SI User who wrote (53736)8/19/2013 3:29:01 PM
From: Kirk ©  Read Replies (2) of 221849
 
Nice chart! Thanks for sharing.

In going over the list of stocks I follow for my newsletter update, I find several have fallen to their first decent support level. I also see some rotation. I recall Bill Gross and that other, new bond guru who had drugs in his desk.... both said on CNBC that when rates were below 2% and rising, that they thought 2.0% on the 10-year was a good rate... now it is nearly 3% so besides REITs, the 10-yr could be in for a nice rally here too.

What few say on TV is the US Government has already started the anti-Taper by borrowing significantly less than last year... Oddly, rates are still soaring... at a time there is lower demand. I haven't figured any inflection points to target, but I imagine there is a fairly decent bond trade from the long side in here somewhere soon.
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