Category Archives: Weekly Charts

Ten Year Treasury Test

Here’s a chart that I’ve been highlighting on RealMoneyPro and here on RVT for some time, and it illustrates the importance of the 2.60% to 2.62% level on the chart of the ten year treasury yield. It tested this level last week and failed, closing near the low of the weekly session.

Percent of Stocks > 50 DMA

Eighty eight percent of stocks in the S&P 500 index are above their 50 day moving average, a level that many consider an overbought condition that should precede a pullback. This, however, is not usually the case, but by incorporating the relative strength index (RSI) in the analysis, the likelihood of determining a pullback increases.… Read More »

Regeneron Head and Shoulders Top?

The price action in Regeneron Pharmaceuticals (REGN) over the last nine months could be forming a large head and shoulders topping pattern on the weekly chart. During this time the MacD indicator has been in bearish divergence and positive money flow has been declining. The neckline is defined by an intersection of long and short… Read More »

10 Year Yield Back Up to Breakdown Level

The 10 year bond yield is back up to the level where it broke down last month. The weekly chart shows the sideways consolidation that began in February and the 50 day moving average crossing below the 200 day average. In May the channel support line merged with a trend line drawn off the July… Read More »

Spot Copper Lags

The spot copper price is down about 1.5% this week and it has moving below a downtrend line since 2011. The Fibonacci retracement levels, measured off the 2009 low and the 2011 high, have supplied key support and resistance during the decline. Currently sitting on the 50 day moving average and a short-term uptrend line,… Read More »