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.

Yield Remains Under Pressure Well After Fed Rate Hike


As we speak, 10-year YIELD is pressing towards a test of Wednesday's, post-FOMC low, at 2.48% (40.40 in the ProShares UltraShort 20+ Year Treasury (TBT)), which if violated, should trigger additional weakness in YIELD into the vicinity of the dominant support line off of the Nov low (1.72%), which cuts across the price axis at 2.42%.

YIELD weakness must be contained in and around 2.42%-2.40% to avert inflicting meaningful technical damage that presses YIELD towards a test of very significant multi-month support at 2.30%.

  • 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!