The U.S. 30 Yr bonds have caught a bid on Yellen's slightly more dovish comments. It seems that the anticipation of a rate rise by mid-year seems less likely now than ever. As I have said so many times on this blog, I watch the bond market to see what is going to happen in stocks. If this underbelly resistance is broken we will likely see money coming out of stocks again. The markets are over stretched and even the Fed admits it. We understand it is the Fed that caused this and they will ultimately be the ones who decide when this ends. There will be no warning. If you have good risk management you should be positioned for this fact.
U.S. 30 Yr bonds daily chart
$SPXA50R shows the percentage of stocks in the S&P 500 that are above the 50 day MA
VIX daily broke down out of the wedge so I will be looking for a bounce in volatility back above 15.0
Dow Jones weekly chart for 2 years has been in a central bank price discovery controlled uptrend channel
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