10 Y T-Note: not yet bearish

Catégorie [ Contrat 10 Y T-Note ]

Long term: bullish

On a yearly basis, Bollinger bands spread is increasing. The status for TAM tools is a PEI for each one. As long as no NEI will develop on a monthly basis, the rise in progress could extend for some periods.

On a quarterly basis, a bullish no-crossover is in progress with our 7 / 23 quarters moving averages. The pattern in progress is a parallel one.

On a monthly basis, the spread for Bollinger bands is above a reference one. A new status could develop for TAM tools.

Idea: rise as long as MM = support

Bet: long term trend will be done next quarter with the new monthly TAM status.

R = 132.35 (Historical High),   + + + ;    S = MM (125.65)

Medium term (June 2012contract): out

On a weekly basis, a bearish no-crossover is the status for our MACD.

Idea: next month, a bearish pattern could develop

Bet:  new bear trend if Bollinger spread increase.

R = MW (129.99)   S = LW (127.96)

Short term: decline

On a daily basis, no PEI is in progress with TAM tools.

Idea: lower as long as our MACD is not oversold

Bet: a type I or II could develop.

R = MD (130.76);    S = LW (127.96)

Conclusion: nothing to do this week.