
TLT BREAKS BELOW ARORA DANGER ZONE; WALL STREET FRONT RUNS BLIND MONEY; MICRON BULLS AND BEARS BALANCED
By Nigam Arora

To gain an edge, this is what you need to know today.
Bond Danger Signal
Please click here for a chart of 20+ year Treasury bond ETF (TLT).
Note the following:
- The chart shows TLT has fallen below the Arora danger zone.
- RSI on the chart shows TLT is oversold.
- Prudent investors should note TLT falling below the Arora danger zone is very important because it signals that rising yields have moved beyond ordinary volatility and into a technically weaker regime.
- This morning the 10 year Treasury yield reached about 5.34% and the 30 year yield reached about 5.68%.