Treasury Bonds Dropped Off The Leader List

On Monday, the Transports hit a new high. But let's wait to get a weekly close at a new high before declaring a Dow Theory confirmation.

 

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The bears need to go to work on Junk Bonds if there is going to be a meaningful stock market decline. Yesterday's bearish reversal puts the ball in the bear's court.

 

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The Leader List

Treasury Bonds dropped off the leader list. My guess is that it will be back on the leader list in a few weeks, but I do much better when I just follow the indicators. So, for now, I am dropping it according to the technicals.


 

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This chart does not look good for gold miners, but similar to the Transports, let's wait for a weekly close before declaring victory for the gold miner bears.

 

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