The last to top? As was the case in 2000? The MACD has yet to better that momentum and during this parabolic looking rise the MACD is moving sideways.Maybe it's taking a breather? Been near 70 RSI overbought for nearly a year! As the hunt for yield was taking place.
Yield now much closer to 10 yr bond as most UTE yields below 5%.
Both 20 and 50 wk EMA'S of course look splendid, so we cant get ahead of ourselves just yet, until first the proce dips below these 2 SOLID supports and THEN the 20 breakds down thru the 50 and both begin a decline trajectory.
This would be further evidence the Bear Market has returned, and I wonder if a rising 10 yr yield will be what sets it off. Seems unlikely in a slowing economy, but there are other forces about.
Duratek
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