The intermarket chart below shows bonds (blue line) taking a hit last week. The 30-year Treasury Bond ($USB) fell back toward support from its September lows. Weakness in bonds is understandable with West Texas Intermediate ($WTIC) challenging its summer highs. Click here for John Murphy's Intermarket Perfchart.
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About The Author:
Arthur is Chief Technical Strategist at TrendInvestorPro.com. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician.
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