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Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!

Tuesday, June 29, 2010

Long US Treasury -- Getting Overbought

Yes, the 30 yr. Treas. is getting overbought on its 40 wk m/a and on
12 wk RSI. The sentiment indicators I follow have moved well into
"too many bulls" territory as well. So, the bond is setting up as a
short on technical grounds, but given the strong price momentum,
I would like to see sentiment get more extreme. $USB chart.

Parenthetically, it is rather ironic to see this bond moving to a major
overbought when so many market pundits and observers had written
it off as done for earlier in the year.

1 comment:

flirter said...

Muzinich Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic. If possible, as you gain expertise, would you mind updating your blog with extra information? It is extremely helpful for me.