The likelihood of a test of the 134 – 132 area continues to increase the longer the market consolidates in this area without breaking out. The TLT has continued to hold the 110-area support, setting the stage for a rally attempt, which we believe will ultimately fail. We continue to see better performance in resource-based economies, some commodity inflation, and fewer problems than Asia and Europe.
Sorry this page is available to subscribers only. If you're not a subscriber why not join today?