Posted To: MBS Commentary
Bonds have maintained long-term consolidation trend almost all year We have yet to see a meaningful attempt to break out But such an attempt must come within next 2 months--probably sooner When it does, it's no guarantee of the eventual direction The "triangle" or "pennant" is a fairly common buzzword in the realm of technical analysis (the study of market movement based solely on previous market movement, as opposed to fundamentals like economic data and headlines). I would never advocate relying solely on technical patterns as a framework to approach market movement, but like many, I agree that it's exceptionally useful to look for correlations between the technicals and the fundamentals. The current environment lends itself quite well to this endeavor. For instance...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1WDdOjf
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