Bonds form a Double Bottom

By IBTimes Staff Reporter | December 31 2009 9:48 AM

FINANCIALS: 12/31/09 Higher closes yesterday for eurodollars, notes and bonds again but no changes technically. The Eurodollar is still in a support area while the bonds have a double bottom but look lower overall along with the notes. Except for 'flight to quality' I can't see why people would want to be long the financials with interest rates at or near rock bottom and the indices still in up-trends at this time! Continue to look for lower financials overall. I hold technical Sell Signals for the Treasury Notes and Bonds. Please feel free to contact me for details.

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