Summer Doldrums: 10 Year T-Note Yield: Clues For Trades, Part 2Part 2 of 2.
This is a close-up of chart one, just the past 30 days.
It is summer and volumes are low.
10 Year T-Note yields are in a tight trading range, from 1.59 to 1.49,
and volumes can put you to sleep.
Add to the mix the Federal Reserve regional commentary, some hawkish, some dovish -
And you have all the conditions for whip-saw action.
So, whether it's currencies-bonds-stocks-gold-REIT-etc.
Light volumes and excessive pivot swings may "goof-up" your trade.
Pay attention to daily and weekly charts when trading a 15 minute/ 30 minute chart.
Knowing the longer trend is critical.
Good luck to you with your trades. Don.