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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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Wednesday, July 10, 2013

JNK:TNX Ratio -- Will Traders Buy JNK in Spite of Rising Interest Rates?

JNK:TNX Daily ratio -- price flirting with major triple bottom support...some positive divergence on all 3 indicators...hinting that JNK will attract buyers in spite of rising interest rates: 3-Year Daily chart of JNK:TNX


JNK attempts to stabilize at 200 Day MA...will see if traders buy into corporate bonds once more...frothy volumes kept price from plunging after initial drop below 200 MA...all 3 indicators pointing to a higher price...if so, equities should continue to rise, in general, but will see how JNK performs against TNX in the coming days/weeks: 3-Year Daily chart of JNK


TNX approaching major resistance level on slightly negative divergence on indicators...hinting at pause or slow-down in rate rise: 3-Year Daily chart of TNX