Tuesday, December 22, 2009

Dollar and Long Bonds

Volume continues to shrink within gap resistance. This suggests upside force is waning.

UUP (U.S. Dollar Index ETF):


Swing high breached with volume confirmation despite the pre-holiday session. This implies lower bond prices or higher yields over the short-term. The intermediate-term magnets as illustrated in the Shearson T-Bond Long-Term Price Index are pulling hard. The long bond market warrants close attention.
http://business-money-and-finance.blogspot.com/2009/12/ta-long-bonds.html

TBT (2x Inverse Long Bonds ETF)

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