Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Longer-Term YIELD Continues to Press Lower in Aftermath of FOMC Rate Hike


FYI, 10-year YIELD has violated last week's post-Fed rate hike low of 2.48%, and appears heading for a confrontation with the Nov-Mar up trendline, now at 2.44%, which must contain downward pressure on YIELD to avert potential weakness into the area of significant multi-month support at 2.33%-2.30%... 

This pressure does not bode well near-term for the ProShares UltraShort 20+ Year Treasury (TBT), the financial sector, banks, the Financial Select Sector SPDR Fund (XLF), etc...

Sign up for a
Free 15-Day Trial!
  • Mike's Live Intraday Chart Presentations & Interactive Webinars
  • 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!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...
Receive Mike's "Mid-Day Minute" technical market analysis, plus his weekly analysis and periodic offers.
*In submitting this form you agree to our permission/privacy statement.