Speaking of breakouts and going away… The 500 index and the yield on the 10-Year note, are breaking out from falling resistance… AT THE SAME TIME and pushing away!
Suggested to go long stocks and to short bonds at (1). This breakout is a real plus for these positions. With the breakout taking place and gains in both the S&P and Inverse bond ETF (TBF), now use a break of line (2) as your sell stop.
In the last line of this post, I shared…”the ingredients are there for an upside move that will surprise many!” At that time of the purchase only 20% of investors were bullish stocks and over 90% were bullish bonds!
Have your ticket to ride? With this breakout, odds favor higher prices still.