The Fred Report - Weekly May 21, 2018

View a Printer Friendly version of this page, allowing you to print the page.

A quick review of general stock market indicators suggests a slowly improving market. New Highs/New Lows has gone positive, and the McClellan Oscillator is rising and not overbought suggesting there is room to advance into at least the third week of June (and we think longer – mid July or do).  TYX (CBOE 30-year bond Index), did not break through our resistance number of 32.50. The high of this move has been 32.47, very close but not yet an indication that the secular bull market is over. Failing below 32.50 actually created the false breakdown on TLT.



Sorry this page is available to subscribers only.
If you're not a subscriber why not join today?

If you are already a subscriber, please login.

If you believe you should be able to view this area, then please contact us and we will try to rectify this issue as soon as possible.


To gain access to the members only content click here to subscribe.

You will be given immediate access to premium content on the site.

 

 

 

Who is Fred Meissner, CMT?
Listen here:

The FRED Report is not authorized, endorsed, or affiliated with the Federal Reserve of St Louis and its FRED Economic Data.