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Bond Rally Overdone

Bond Rally Overdone

The 2.2% to 2.1% area has marked major lows in the long end(30 Year Treasury Yield). The 30 yr. yield has collapsed in August. At today’s low the TYX is at 2.15%. This area has produced major lows since the Fed’s tightening cycle began in the 4th quarter...
Crude

Crude

A couple weeks ago we mentioned Crude may be headed to support at 50. Metals and Treasuries continue to run.
Walmart Reaches Support

Walmart Reaches Support

Key levels are in play. The early June breakout drove shares of WMT to new all time highs. At the July peak the stock had extended its gain off the 2019 lows to 26%. This powerful move pushed shares back to overbought levels(daily MACD) that have been a headwind...