Master technical analyst Chris Kimble sent me his Treasury-Yield "ketch-up" indicator for the S&P500
performance over the next 90 days. We'll check back through the summer to see how well this indicator performs. On a personal note, I'm one of those fussy types who special orders at McDonald's: "double hamburger, no ketchup, and a senior coffee." That's $1.68 at my local McD — affordable even if Chris's "ketch-up" indicator proves correct.
Chris comments: Since 2007, each time the yield on the 10-year note has broken key support, the 500 index has declined at least 15% in the following 90 days.
Of late, yields have broken below key support again.
Are stocks about to play a game of "ketch-up"? Or will it be different this time around?
Of late, yields have broken below key support again.
Are stocks about to play a game of "ketch-up"? Or will it be different this time around?
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