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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (180504)	10/12/2022 11:11:31 AM
From: FCom777	2 Recommendations Recommended By GROUND ZERO™ yard_man Read Replies (2) \| Respond to of 220713

All eyes should be on the 10 Year Note which is still trading under 4% ... Doubt equities will trade much lower unless this all important level is taken out - still believe that is the line in the sand and will be guarded vigorously by the Fed. They have already more than doubled rates over the past year - not an insignificant accomplishment. Europe can not stand much higher rates - they will break - and the Fed knows this ... Now the goal is to let time pass so that the system can work out its deficiencies - still think we trade between 3.25 and 4.00 for the next several months which will allow equities to recover. Of course this outlook can change very quickly if rates surge from here - but I'm not seeing it. The BOIL trade seems to be working quite well ... fwiw ...