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Can the Long Bond Rally Without Stocks Being Crushed?
The past two days it has exceeded its target.
Rod David    

The following are the latest daily summaries of my ongoing intraday coverage, providing context to interpret price action. Any prices listed are for a contract's current "front month." Their direction tends to correlate with any ETFs listed for each.

Today's Highlight: The long bond's upward momentum didn't hurt its chances for overshooting its target Thursday and Friday. But the extra push was exemplary of situations that are impacted by other influences in line with the pattern.

Dollar Basket
Jun Contract DX; (NYSEARCA:UUP), (NYSEARCA:UDN)
Gapping up Friday starts to lay the groundwork for a bottom pattern that would recover from probing fresh lows Monday intraday. Otherwise, not probing fresh lows Monday morning would instead be vulnerable to resuming the decline.

Eurodollar
Jun Contract EC; (NYSEARCA:FXE)
Choppiness Friday suggests resistance will hold, or at least a temporary pullback will get underway, targeting a test of 1.3800 support.

Gold
Jun Contract GC; (NYSEARCA:GLD)
Friday extended the rally's consolidation, which was still supported by 1317.00 and ranging up to 1823.50.

Silver
May Contract SI; (NYSEARCA:SLV)
Thursday's surge consolidated Friday, still having potential for extending higher to 20.70.

30-year Treasury
Jun Contract US; (NYSEARCA:TLT)
Continued stock market weakness Friday encouraged more flight to quality that extended the rally to new highs at 134-28. The pattern is next targeting 135-18 so long as 134-06 now holds as support.

Crude Oil
May Contract CL; (NYSEARCA:USO)
Fresh highs tested 104.44 Friday and closed at new trend highs to make any immediate dip unlikely to gain traction.

Natural Gas
May Contract NG; (NYSEARCA:UNG), (NYSEARCA:UNL)
Friday's slight pullback helps to confirm that Thursday's high may have held resistance, but 4.55 and 4.38 remain targeted by the pullback.

Editor's note: Rod's analytical techniques are designed to efficiently identify targets and turning points for any liquid stock or market in any time frame. He applies his techniques live intraday, primarily to S&P futures, at RodDavid .com.
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No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Can the Long Bond Rally Without Stocks Being Crushed?
The past two days it has exceeded its target.
Rod David    

The following are the latest daily summaries of my ongoing intraday coverage, providing context to interpret price action. Any prices listed are for a contract's current "front month." Their direction tends to correlate with any ETFs listed for each.

Today's Highlight: The long bond's upward momentum didn't hurt its chances for overshooting its target Thursday and Friday. But the extra push was exemplary of situations that are impacted by other influences in line with the pattern.

Dollar Basket
Jun Contract DX; (NYSEARCA:UUP), (NYSEARCA:UDN)
Gapping up Friday starts to lay the groundwork for a bottom pattern that would recover from probing fresh lows Monday intraday. Otherwise, not probing fresh lows Monday morning would instead be vulnerable to resuming the decline.

Eurodollar
Jun Contract EC; (NYSEARCA:FXE)
Choppiness Friday suggests resistance will hold, or at least a temporary pullback will get underway, targeting a test of 1.3800 support.

Gold
Jun Contract GC; (NYSEARCA:GLD)
Friday extended the rally's consolidation, which was still supported by 1317.00 and ranging up to 1823.50.

Silver
May Contract SI; (NYSEARCA:SLV)
Thursday's surge consolidated Friday, still having potential for extending higher to 20.70.

30-year Treasury
Jun Contract US; (NYSEARCA:TLT)
Continued stock market weakness Friday encouraged more flight to quality that extended the rally to new highs at 134-28. The pattern is next targeting 135-18 so long as 134-06 now holds as support.

Crude Oil
May Contract CL; (NYSEARCA:USO)
Fresh highs tested 104.44 Friday and closed at new trend highs to make any immediate dip unlikely to gain traction.

Natural Gas
May Contract NG; (NYSEARCA:UNG), (NYSEARCA:UNL)
Friday's slight pullback helps to confirm that Thursday's high may have held resistance, but 4.55 and 4.38 remain targeted by the pullback.

Editor's note: Rod's analytical techniques are designed to efficiently identify targets and turning points for any liquid stock or market in any time frame. He applies his techniques live intraday, primarily to S&P futures, at RodDavid .com.
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Can the Long Bond Rally Without Stocks Being Crushed?
The past two days it has exceeded its target.
Rod David    

The following are the latest daily summaries of my ongoing intraday coverage, providing context to interpret price action. Any prices listed are for a contract's current "front month." Their direction tends to correlate with any ETFs listed for each.

Today's Highlight: The long bond's upward momentum didn't hurt its chances for overshooting its target Thursday and Friday. But the extra push was exemplary of situations that are impacted by other influences in line with the pattern.

Dollar Basket
Jun Contract DX; (NYSEARCA:UUP), (NYSEARCA:UDN)
Gapping up Friday starts to lay the groundwork for a bottom pattern that would recover from probing fresh lows Monday intraday. Otherwise, not probing fresh lows Monday morning would instead be vulnerable to resuming the decline.

Eurodollar
Jun Contract EC; (NYSEARCA:FXE)
Choppiness Friday suggests resistance will hold, or at least a temporary pullback will get underway, targeting a test of 1.3800 support.

Gold
Jun Contract GC; (NYSEARCA:GLD)
Friday extended the rally's consolidation, which was still supported by 1317.00 and ranging up to 1823.50.

Silver
May Contract SI; (NYSEARCA:SLV)
Thursday's surge consolidated Friday, still having potential for extending higher to 20.70.

30-year Treasury
Jun Contract US; (NYSEARCA:TLT)
Continued stock market weakness Friday encouraged more flight to quality that extended the rally to new highs at 134-28. The pattern is next targeting 135-18 so long as 134-06 now holds as support.

Crude Oil
May Contract CL; (NYSEARCA:USO)
Fresh highs tested 104.44 Friday and closed at new trend highs to make any immediate dip unlikely to gain traction.

Natural Gas
May Contract NG; (NYSEARCA:UNG), (NYSEARCA:UNL)
Friday's slight pullback helps to confirm that Thursday's high may have held resistance, but 4.55 and 4.38 remain targeted by the pullback.

Editor's note: Rod's analytical techniques are designed to efficiently identify targets and turning points for any liquid stock or market in any time frame. He applies his techniques live intraday, primarily to S&P futures, at RodDavid .com.
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
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