http://stockmarketforbeginner.net/spy-stalls-in-an-uptrend/ Brief and Straightforward Guide about stock market. We make it easy for everyone who need information about stock market here! Wed, 14 Jul 2010 18:42:27 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://stockmarketforbeginner.net/spy-stalls-in-an-uptrend/comment-page-1/#comment-338 BONDS ROCKED BY PAYROLLS | STOCK MARKET FOR BEGINNER | Stock & Option Guide Sat, 06 Mar 2010 04:57:20 +0000 http://stockmarketforbeginner.net/?p=1727#comment-338 [...] BONDS ROCKED BY BETTER-THAN-EXPECTED PAYROLLS… The Labor Department reported that non-farm payrolls declined 36,000 for the month of February, which was much better than the consensus estimate for a decline of 68,000 jobs. Positive news on the jobs front sent bonds sharply lower and yields sharply higher. Bonds are especially sensitive to interest rates and Fed policy. While the economy has yet to show any job growth, the decline in non-farm payrolls is certainly slowing and this could affect Fed policy down the line. Chart 1 shows the 20+ Year Treasury ETF (TLT) hitting resistance from the January-February highs and declining sharply in early trading on Friday. Notice that broken support turned into resistance in the 92 area. Also notice that a triangle may be taking shape with support in the 88-89 area. Chart 2 shows the 10-Year Treasury Yield ($TNX) with a mirror image of the TLT chart. Yields found support near broken resistance around 3.55% (35.5 on the chart). This means the December breakout is holding and rates are in an uptrend as long as the February lows hold. [...] [...] BONDS ROCKED BY BETTER-THAN-EXPECTED PAYROLLS… The Labor Department reported that non-farm payrolls declined 36,000 for the month of February, which was much better than the consensus estimate for a decline of 68,000 jobs. Positive news on the jobs front sent bonds sharply lower and yields sharply higher. Bonds are especially sensitive to interest rates and Fed policy. While the economy has yet to show any job growth, the decline in non-farm payrolls is certainly slowing and this could affect Fed policy down the line. Chart 1 shows the 20+ Year Treasury ETF (TLT) hitting resistance from the January-February highs and declining sharply in early trading on Friday. Notice that broken support turned into resistance in the 92 area. Also notice that a triangle may be taking shape with support in the 88-89 area. Chart 2 shows the 10-Year Treasury Yield ($TNX) with a mirror image of the TLT chart. Yields found support near broken resistance around 3.55% (35.5 on the chart). This means the December breakout is holding and rates are in an uptrend as long as the February lows hold. [...]

]]>