This is an important day for watching bond yields, because the odds are now starting to increase for an upside move on bond yields ... and that would mean down movement on bond prices.

At the close yesterday, 30 year bond yields had closed at 38.45 which was a level that was testing an April/September resistance line.

Our indicators are showing an upside yield bias so there is a "high probability" that the 30 year yields will break above the 6 month resistance line today ... a "caution alert" for those who own bonds. (10 and 30 yield bond yield charts are posted daily on our Advanced Subscriber site.)

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By Marty Chenard
http://www.stocktiming.com/

Please Note: We do not issue Buy or Sell timing recommendations on these Free daily update pages . I hope you understand, that in fairness, our Buy/Sell recommendations and advanced market Models are only available to our paid subscribers on a password required basis. Membership information

Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.

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