First VWAP bounce was at 10:50 and turned out to be a good time to buy. This one had a longer drop and it is clear the market is stuck at this level, wondering if the dip buyers have packed it in for today. Anyway this point offers appeal for both bulls and bears, pick a flavor and place your bets.
..Meanwhile, topping tails so far on both TNX and TYX--with the current yield right on the upper (std) bollyband. And with their 50day MAs about where they were 6 months ago.
And, quietly, exuberantly, $FVX (5year yield) keeps on trucking up the chart at a 45 degree angle, barely touching its 20day MA for the past 6 mo.
Never take your eyes off FVX, said Bernie Schaeffer over and over. In many articles he wrote. He thought it the most reliable Treasury yield to watch.
yield long tern
i think GREEN would be bernie's FVX
i don't like this picture with short duration yields up and longer rates not
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
I don't know how to comment pullback, in theory the pullback should have legs but it's just in theory nowadays.
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Al_Dente wrote:Here’s another thing I don’t like
Credit risk reared its ugly head yesterday as Junk HYG went on a short-term sell signal
60m
110junk2.png.png
Pasta Boss, have you found the 25 EMA on the On balance Volume tracks that well for many stocks?
NO it can be different for different stocks/ETFs. I use 10ma, 15ma, 20ma etc..... rarely 34ma Whatever works (for me... may be different for u). But i always show the "legend" so u know what i'm using
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Fern:
I like the OBVs on 60min
Sometimes/often I don’t use an MA, just highs and lows etc, like here on 60m IWM
See that green arrow at price high (double top)
Yesterday’s OBV (red arrow) should have been higher than that
To me, that’s a volume divergence, at least until it is “corrected” with more bull volume
Just me just FWIW
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:Here’s another thing I don’t like
Credit risk reared its ugly head yesterday as Junk HYG went on a short-term sell signal
60m
110junk2.png.png
Pasta Boss, have you found the 25 EMA on the On balance Volume tracks that well for many stocks?
NO it can be different for different stocks/ETFs. I use 10ma, 15ma, 20ma etc..... rarely 34ma Whatever works (for me... may be different for u). But i always show the "legend" so u know what i'm using
Thanks! I'll have to put it in my toolbox and play with it!!