Stock Rollover Could Be Starting


Stock Rollover Could Be Starting

NYSE Composite

The NYSE index is facing a very important price level as momentum and the MACD are at their highest levels in a year. The nine-week rally from the late December lows has the NYSE index facing the October, November and December highs and its 78% retracement this past week.

Just The Facts

Momentum, MACD and the NYSE index look to be rolling over from levels that could send a big-time caution message to the bullish case. Below looks at the yield on the 10-year note (TNX) over the past 25 years

Stock Rollover Could Be Starting

10-Year Yields

The bullish case for stocks hopes that another rollover isn’t taking place here. If support breaks at (1), look for stocks to decline in price along with yields.


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