Daily Archives: March 1, 2018

The Bottom in 10-Year Treasury Yield Signals a Change of Era

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by Michael Paulenoff, MPtrader.com


  • The bear market for benchmark 10-year Treasury yield is at its end – disruption is coming
  • Numerous indicators corroborate: we are in the midst of an economic transition
  • Will the Powell Fed quickly evolve into a strong counter-balance to the powerful economic transition?
  • On an intraday basis, we explore these overarching themes overlaid on price behavior in my private investing community at MPtrader.com.

Take a close look at the monthly chart of benchmark 10-year US Treasury yield (Fig. 1) for the period 1981-2018, a 37year period. The dominant bear market for yield may still be alive but is not necessarily all that well.


Three Shorts to Watch

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From Harry Boxer: As the market sells off, here are some charts that could continue lower.

Advanced Energy Industries, Inc. (AEIS) declined by 38 cents and closed at $66.32 on 334,100 shares traded and no news Wednesday. Price began to break down from a bear flag, failing to close above the right edge of the flag at $67. The power tech company’s CFO resigned on January 26. The value of the stock has depreciated by near 30% since October 30. Next target: $57.

Sun Hydraulics Corporation (SNHY) went down $1.83, closing at $51.92 on 627,300 shares traded Wednesday. The stock looks done with its climb up to $70 over the last several months, having rolled over on January 30 into a month-long bear flag consolidation that broke further down this week. The move followed the fluid power manufacturing company’s quarterly earnings announcement on Tuesday. If the stock cannot stay above support at about $44.50, $41 may not be far behind. (more…)

Fell Over

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Back on January 26th (the lifetime top of the stock market, as it turns out), I wrote a piece called Overhyped in which I suggested shorting Overstock. I liked the chart, and as I said in the post: “But the ONE time I bought something from Overstock was just a nightmare, and I was amazed the company was even in business (plus their CEO has some weird hangup about short sellers). So – – feh! – – I’m short.” So far, so good: