Treasury yields

The yield on 10-year treasury notes is testing support at 4.00%, revealing market expectations that the Fed will have to go easy on future rate hikes. 

The yield differential (10-year T-notes minus 13-week T-bills) eased to 2.5%. 
Low differentials (below 1.0%) are generally bear signals.






Gold

New York: Spot gold has rallied to $405.30. 
Price appears to be consolidating above support at $400, which would establish a base for further gains.




Incredible Charts - now with US Data
  • AMEX, NASDAQ and NYSE data
  • OTC BB and Pink Sheet stocks
  • more than 500 market and sector indices
FREE trial - Click Here


ASX Australia

Thursday's reaction on the All Ordinaries was met with strong buying which quickly overcame selling pressure. The short reaction indicates trend strength in the short to medium term.
Twiggs Money Flow has recovered to complete a double bottom, signaling accumulation.




The point and figure chart below highlights major trend movements over the last 16 years (select a reversal amount of 5 to highlight long-term price movements).
In the longer term, expect a re-test of support at 3450.







Internet Explorer Setup

Please test your Internet Explorer settings and configure your Trusted Sites if necessary:


If your Trusted sites are set correctly, the icon

will display in the bottom right corner of the following pages:


Configure your Trusted Sites
  1. Open Internet Explorer and go to Tools>>Internet Options>>Security
  2. Select Trusted Sites and click the Sites button


  1. Enter *.incrediblecharts.com
  2. Clear the check box: Require server verification (https) for all sites in this zone
  3. Click the Add button
  4. Click OK to return to the Security tab


  1. Click the Default Level button (for Trusted Sites)
  2. Click OK.


About the Trading Diary has been expanded to offer further assistance to readers.

Colin Twiggs


Because of our own deep-seated negative concepts about life,
we have automatically and unconsciously imagined lack, limitation,
difficulties and problems to be our lot in life.
To one degree or another that is what we have created for ourselves.

~ Shakti Gawain : Creative Visualization



Back Issues
Click here to access the Trading Diary Archives.

Back Issues
Access the Trading Diary Archives.


Colin Twiggs

Author: Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.

He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.