After all, TA is not all science nor guesswork, nor perfect,I like to think of it as power of observatoin, and deduce your best guess from that and what normally happens under those parameters. from what HAS happened so let's go.
FIrst chart don't fight the 20 EMA, so it is rising saying rates will rise further. nearing overbought (RSI near 70) however good chance 20 EMA can offer support.
MACD was falling but faked out at last and has turned up again. (MACD EXPL)
http://stockcharts.com/education/IndicatorAnalysis/indic_MACD1.html
Part 2
Weekly chart The MACD histograms have moved up from BELOW ZERO to above this is bullish for now. and the RSI here is neutral....if the 10 WK (50 DAY) crossed up the 40 WK (200 day) that would also be bullish for yields.
The rising 10 WK could also provide support for any correction. NOW we have 2 series of higher highs and lows, so until proven otherwise, my guess is trend is UP!
Yield is now above both 50 and 200 SMA, and if 50 gets above 200, even better.
QUite the whipsaw action from yesterday to today, sentiment is ABOVE previous lows.
BUT, I really think the next jobs report is going to STINK! maybe even show close to 100K LOST jobs. WOuldn't there be a flight to safety then? Is this a "wise guy" set up to shake off weak hands before that?
Duratek
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