10-Year Yield Bounces Off of 200-Day EMA Again

Three times in the last 6 weeks, 10-year Yield pressed towards a test of its rising 200-Day EMA, in a range between 2.58% and 2.61%, and each time Yield pivoted off of the EMA.

Last week's flight-to-safety into US Treasury paper during escalating tensions in Ukraine was the most recent example of price strength--Yield weakness in and around the Yield 200-Day EMA.

While 6-week action has carved out a possible bottom in Yield, along the 200-Day EMA, upside action in Yield itself needs to do more before my technical work indicates Yield has launched into a new upleg.

To really get some upside traction, Yield must climb and sustain above 2.81%, which will trigger upside potential to retest the prior highs at 3.01% and 3.04%.

Only much stronger U.S. economic data, or a plunge in the US Dollar, or a melt-up in the U.S. equity markets are likely to elicit such a spike in Yield.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!