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.
Sunday, July 29, 2012
MUB Muni Bonds Negative Divergence
The muni bond bubble continues along undaunted. Keystone is looking for a top in the muni's as one of the yearly predictions but waiting for that is like waiting for Godot. The MUB weekly chart is setting up nasty, however, so Godot may be coming into eyesight. As soon as price registers a higher high than February, which in essence it is now, the red lines for the indicators will lock in the wcked negative divergence. Price should receive a strong spank down from the red circle moving forward. The short green lines show a long and strong profile in the shorter couple month time frame so a stutter step at these levels would be in order, then a smack down and roll over. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.