Conclusion is:
Bond market seems to think this pump in the stock market is suspect. 10yr should rally up to .80 zone if investors were actually risk on.
I am just keeping an eye on DXY, 10yr, WTI at this point as they r all showing mixed conflicting signals.
DXY looks to have slightly more downside B4 reversing up (only question is how strong)
10 yr looks to be showing me that bond investors don't feel that this pump in stocks are worth the follow thru.
WTI RSI looks destroyed and could get a bounce but the shale stocks OAS WLL not showing any signs of buying pressure & also have lost bottom TL or are loosing the bottom TL. When the bounce comes to WTI if there is no volume or follow thru on the bounce I would expect that to be a scam.
I think that the markets have entered bear market territory late June into July & we are at early stages of the new trend. Unless WTIC can get the mentioned volume buyers I think we are better off watching for now.
Bond market seems to think this pump in the stock market is suspect. 10yr should rally up to .80 zone if investors were actually risk on.
I am just keeping an eye on DXY, 10yr, WTI at this point as they r all showing mixed conflicting signals.
DXY looks to have slightly more downside B4 reversing up (only question is how strong)
10 yr looks to be showing me that bond investors don't feel that this pump in stocks are worth the follow thru.
WTI RSI looks destroyed and could get a bounce but the shale stocks OAS WLL not showing any signs of buying pressure & also have lost bottom TL or are loosing the bottom TL. When the bounce comes to WTI if there is no volume or follow thru on the bounce I would expect that to be a scam.
I think that the markets have entered bear market territory late June into July & we are at early stages of the new trend. Unless WTIC can get the mentioned volume buyers I think we are better off watching for now.
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Big_Mike716
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