Treasuries continue to be somewhat correlated to stocks here.
As you can see on an intraday timeframe for TLT, below, dating back to yesterday afternoon, Treasuries are struggling a bit after this morning’s bounce up to the resistance trendline I have drawn.
The yellow line represents this morning’s opening print, and I would expect stocks and bonds to both struggle below there.
It is a mixed bag out there right now. On the one hand, the market did not follow-through lower to the seemingly bearish close yesterday, and even shook off HPQ‘s earnings mess to stage a rally. But on the other hand, bounce attempts remain overall uninspiring.
Some bright spots on the long side: DSX MOVE NXPI
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chess, couple things when do i know when my weekend newsletter is up and DAKT.
Thanks for your help
garyw1– It should be in your email inbox. Please email Jeremy for technical issues– [email protected]