Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Tuesday, July 12, 2011
Keystone's 2-10 Spread Loses 255
Ten year now at 2.90% with the two year at 0.37%, thus, 290-37=253, now under the critical 255 level Keystone uses to judge bullish banks versus bearish banks. Thus, further weakness in financials is expected which in turn will add to weakenss in the broad markets. Markets are changing quickly on news bites so the 2-10 spread requires close watching thru the JPM and C earnings later this week. If the spread can regain 255 and move higher then the market bulls are winning back control, otherwise, they are not.
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