The ValueLine Arithmetic (VLE) swing chart shows a lower low and an attempt to make a new high. I do not have a lot of confidence in the markets ability to take the VLE to a new high – but it is still possible.
The 10 year US treasury bond continues down. The recent bounce does not look significant from a long term view. This is not to say the yield won’t go higher. I am only pointing out that yields have not so far.
The US Dollar (USD) tried to break above the 1×1 angle on the long term chart. Price failed and looks at least weak enough to test the long term lows.
Thanks to those who have been concerned about my status. A large combination of issues have kept me away from posting. At some point things will return to normal and I will resume posting more often.
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Tags: Bonds · US Dollar (USD) · Value Line Arithmetic Index (VLE)1 Comment
Andy – Welcome Back!
Hope that you are doing well.
If you have time would like to see a SPX Road Map
for the next 6 months. Curious to see if we have any
retest next March for the SPX.
Right now the “free money” pump is on via the
Dollar carry trade so all of the fundamental and
technical analysis is much more difficult to
track and trade.
Happy Turkey Day!