Wesley Chapel, Florida, March 9, 2009 — June U.S. T-Bond futures late last week saw a strong price surge as the U.S. stock market hit multi-year lows. Price action last week also pushed above and negated a two-month-old downtrend line on the daily bar chart. June T-Bonds last Friday closed at a bullish weekly high close.
It’s my bias that there is still more downside price pressure for stocks, which would very likely mean more upside price pressure for U.S. Treasuries. It’s also my bias that U.S. government debt is still viewed by the vast majority of investors as the safest place to park money during uncertain times. And these are definitely uncertain times.
The important Intermarket analysis perspective provided by VantagePoint Intermarket Analysis software (www.TraderTech.com) also suggests there will be more upside price action in June T-Bonds futures in the near term.
VantagePoint is a valuable trading tool for which a trader can glean clues on potential near-term price trend changes or continuation of present trends. These near-term clues provided by VantagePoint can and do give a trader a key edge.
Source: VantagePoint Intermarket Analysis Software (www.TraderTech.com)
See on the VantagePoint daily bar chart for June Bonds that the Predicted Medium Term Crossover study shows the blue predicted 4 day exponential moving average has just crossed above the actual black 10 day simple moving average close, which is a near-term bullish signal.
The Predicted Medium Term Crossover is the predicted 4 day exponential moving average of typical prices two days ahead (P4EMA+2) crosses above or below the actual 10 day simple moving average close (A10SMA).
Also see at the bottom of the daily chart for June T-Bonds that VantagePoint’s Predicted Neural Index (PIndex) is presently reading 1.00, also suggesting upside price pressure in the near term for June bonds. When the predicted simple three-day moving average value of typical prices is greater than today’s actual three-day moving average value, the Predicted Neural Index is “1.00,” indicating that the market is expected to move higher over the next two days. When the predicted simple three-day moving average value of typical prices is less than today’s actual three-day moving average value, the Predicted Neural Index is “0.00,” indicating the market is expected to move lower over the next two days. The PIndex is a proprietary indicator that predicts whether or not a three-day simple moving average of the typical price will be higher or lower two days in the future than it is today. The Predicted Neural Index compares two three-day moving averages to one another – today’s actual three-day moving average with a predicted three-day moving average.
To see more FREE recent market predictions for the U.S. T-Bond go here!
