The intermarket chart below shows bonds (blue line) taking a hit last week. The 30-year Treasury Bond ($USB) fell back toward support from its September lows. Weakness in bonds is understandable with West Texas Intermediate ($WTIC) challenging its summer highs. Click here for John Murphy's Intermarket Perfchart.
Click this chart for details.
About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
Learn More
