The Fred Report - Mid Week Update June 15, 2011

View a Printer Friendly version of this page, allowing you to print the page.
The short-term oversold condition was somewhat ameliorated by Tuesday’s action but there is room for more upside before the short-term moves to neutral.  This may be more a correction in time rather than price – i.e. the market may not go much lower here, but rather consolidate, with several false starts to wear us out before the next up leg starts.  Much lower than 95 on the TLT would be yet another sign that this move is ending and rates are going higher.  Should the UUP  move above 21.45 this move would look stronger and this is what we expect.


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.