Weekly Leading Indicator Panel warns...
Reviewing the Weekly charts, especially for the leading indicators, it appears that there is a warning of downside risk imminent.
SG10Y bond yield are about to break out.
JNK TLT and TIP all have bearish engilfing that covers the previous gap up.
Thing is, the coombined US equities chart is somewhat bullish, with a rough bearish harami at the bearish best indication.
Even SOXL appears to be bullish somewhat...
No action needed, but just an early warning given to set the boundaries yet again... looks like the Christmas Rally just fizzled out.
SG10Y bond yield are about to break out.
JNK TLT and TIP all have bearish engilfing that covers the previous gap up.
Thing is, the coombined US equities chart is somewhat bullish, with a rough bearish harami at the bearish best indication.
Even SOXL appears to be bullish somewhat...
No action needed, but just an early warning given to set the boundaries yet again... looks like the Christmas Rally just fizzled out.
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