The new bear market..catch it!
I apologise for not submitting a report for today.
There really isn’t much to do in stocks at these levels. As I have said almost daily we need to see how the critical 8,000 level on the Dow Jones holds up as we seem to be in a range between 8,000 to 8,400…a break either of either level and that will be the next short term trend, so go with it!
I hope many of you acted on my earlier trade recommendation of selling the U.S 10 year futures @ 140.00(yield around 2.28%) to target 3.0% yields. The 10 yr last night closed at 2.87% yield with the price around 117.16. Look to book profits at the 3% yield very soon.This is the new bear market!
This is not “backward trading” as you can see by reading my earlier reports. It’s got there quicker than I thought but it’s there for the reasons I mentioned earlier.
Happy Days and have a great weekend