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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (32198)	5/11/2001 2:16:41 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 68199

WOW! That's one hell of a move for one day! Those who are long the 10 and 30 year bonds are just getting creamed! I haven't seen this kind of selloff in bonds since say late 1998! The 10 year (TNX) has finally traded above it's 200 day moving average, the 30 year has been there for almost a month. Should the Fed do any kind of rate cut next Tuesday, the yield curve will just get steeper still. You can read the action in bonds several different ways. a)Economy is going to come roaring back! (Time to buy some more cyclicals and perhaps some techs) b)Inflation is coming back in a big way! (Better get longer on oil and oil service, and let's not forget gold!) c)Spreads are so wide between the short and long rates you can drive a truck through! (Buy banks! They pay out in short rates for deposits but lend on long rates, just like printing money) d)We are so screwed! Can you say stagflation! Fed will have it's hands tied! none. [madtrader] Fri May 11, 7:21am PDT MSFT $NDX.X MSFT is starting to bother me. After staying above the 80 line on daily stochastics for almost a month, it is finally coming down. MACD is about to cross lower, generating a sell signal. On top of that, if closes around 69, the parabolic sell signal also gets triggered. This isn't going to help the NDX. If you are long tech, time to put on some hedge or just lighten up. rumordude.com