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Thank your for reading since March 2008 and I wish you the best in your investing endeavors.
Andy Askey
Tags: About16 Comments
Not much is new happening with the indices so I want to look at the US Dollar and Ten Year Bond yield this week.
The 1992-2001 bull market cycle in the US Dollar has provided a usable cycle in the following correction. The 1/4 line prompt a selloff while the 1/2 cycle put in a top. The 3/4 line put in a bottom while the 7/8 line (not shown) put in a top. The 100% cycle time is next May which could put in a long term low for the US Dollar. (That is just a guess.)
The angles of the bear market show there is several points of upside to the 1×2 while the USD remains in a downtrend.
The short term US Dollar shows a $5 move potential to the $80 mid-point level. I am not saying the US Dollar will rally this much. I only see it as possibility for a rally that keeps the trend down.
US Treasury yields bounced last week but do not look ready to break the long term bear market in yields.
A short term yield of near 4.09 looks to be the point to consider the possibility of yields changing the long term downtrend to up.
Tags: Bonds · US Dollar (USD)2 Comments
The 145 plus index and industry charts have been updated for this week. I have had some computer issues and have lost my email MS Outlook capability so you will not receive an email this week. I hope to have email restored by next week in some fashion. Your emails to me should continue to be forwarded to my gmail (ptv.investing@gmail.com) with you comments.
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