An informal presentation of technical analysis, market ratio analysis, psychology and macro fundamental opinion... along with whatever else is required to stay on the right side of the markets. The premium NFTRH service takes all of these and more to the next level.
"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10
Friday, June 15, 2012
Bond auctions & TLT
This week's US Treasury bond auctions have resulted in a little bounce for TLT. I believe this thing is making a top off of over bought conditions. I also believe the deflation story may be topping out. But in the very short term people could pile drive back into the long bond depending upon what kind of dynamics come out of the Greek vote. Maybe a double top coming on the long bond?