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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Saturday, April 14, 2012
MUB Muni Bonds Daily Chart Shows Muni Bond Top with Roll Over
Muni bubble popped and rolled over as forecasted by the red negative divergence spank down. Keystone was looking for muni bonds to roll over from 108 and higher and now price finally collapsed down to a 108 handle again. Lower prices are expected moving forward. In Keystone's 2012 Predictions in December 2011 he calls for a top in the muni bond market. That call is looking pretty good right now. This information is for educational and entertainment purposes only. Do not trade based on this information. Consult your financial advisor before making any investment decision.
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