US 10 YEAR
Added 2024-01-31 19:38:18 +0000 UTCThis is what we wanted to see
A hard rejection at the 200 Day MA, after putting up a good fight, it is now down -1.5% today and we can see that the 50 Day MA is about to cross down through the 200 Day MA which is a bearish signal.
A further decline should help the financial sector again and could be the help that $PYPL and $SOFI need right now.
Comments
I've got my eye on O right now. I wouldn't be surprised to see it break out with rates coming down this year. I missed a great buy in the mid 40's but I'm thinking there's a chance that it could get into the low 50's again, maybe even tap the 40's. The long term trendline (assuming it's valid) implies that the stock is still priced well even at 54
Jeff O
2024-02-01 04:55:34 +0000 UTCGar might we worth looking at $TMF which is 3X long US Treasuries. I'm already long but looks like it just made a Wave 2 low and moving up into wave 3 now
rajiv vijendran
2024-02-01 02:38:36 +0000 UTCIm curious as to why you’re so bearish in previous RC charts for $O and $VICI (both REITs). If the 10 year is expected to go down over the next years, wouldn’t this push REITs higher over the next years? There has been a direct correlation for REITs going down as the 10 year pushed up, so wouldn’t the opposite be expected as well?
Nick
2024-01-31 22:57:02 +0000 UTC
