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

To: GROUND ZERO™ who wrote (189258)	8/14/2023 10:47:54 PM
From: FCom777	Read Replies (1) \| Respond to of 222172

How are you defining an outside day? By my way of thinking I see an outside day to the upside on Aug 4 and one to the downside on Aug 10 as marked on the chart. I assumed an outside day was when it trades in the direction of the trend early in the day but reverses and closes down below the range of the previous day. I would also think that the last one counts more than the earlier one. In this case, lower Note prices and higher rates ... Today's trading does not look remarkable to me - in fact it looks a little to the weak side. If they are going to move higher from here they should move soon. Think the longer they linger at these or higher prices - the more bearish for the Notes (higher rates). I hope you are correct about bonds moving higher with stocks moving lower. That's the 'traditional' correlation - money fleeing stocks toward the 'safety' of bonds - but I haven't been seeing that relationship on an intraday short term basis. Seems like stocks sell off when rates move higher on a short term basis. Though you can never tell which market is pushing the other. I always assume the bonds are the primary driver since it is a larger market than stocks. But who knows in today's manipulated markets the opposite could be true.