Wednesday, April 14, 2010

US Long Bonds are rallying, but it has a limp

Leveraged flows have pushed bonds higher from critical support, but the rally has limp. The trading swing high was cleared on shrinking volume. This indicates declining force. The overhead gap magnet is pulling hard now. If this zone is to be cleared, volume needs to pick up and the rally needs to lose its limp.

US Long Bonds ETF (TLT):

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