share_log

Important Powell Speech Ahead, Market Mechanics Drove Second Best November For Stocks Since 1980s

Benzinga ·  Dec 1, 2023 11:37

To gain an edge, this is what you need to know today.

Powell Speech Ahead

Please click here for a chart ofiShares 20 Plus Year Treasury Bond ETF(NASDAQ:TLT).

Note the following:

  • The chart shows that bonds have made an aggressive move from the lows.
  • The chart shows the upward sloping trendline indicating the steadiness of the move up.
  • The chart shows that bonds have now reached the lower resistance zone.
  • In The Arora Report analysis, prudent investors should watch if bonds break above the lower resistance zone. If they do, it will be a trigger for another leg...
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment