Don't Interpret Trend Noise

While experts interpret trend noise, they ignore the fact that cycles (TIME) anticipate price. The surge in trend energy, REV(E), suggests that yields on the long bond will continue rising when TIME is right.

30 Year Treasury Index Bear 3x ETF:


Headline: Treasurys slip after unemployment, housing data

Treasury prices slipped a little further Thursday, pushing yields up, after reports showed fewer Americans filing for first-time jobless benefits than economists had forecast and pending home sales higher than predicted.

Analysts noted that most bond investors would treat the session as the last of the year, even though the market is open for a half-day Friday. That will mean a lot of position adjustments and so-called window dressing of portfolios for the end of the month and year, especially after wild swings this week, more than any meaningful indication of the how the data fit into investors’ longer-term outlook.

Source: marketwatch.com