Change In Character

By Trader X on April 7th, 2010 3:19pm Eastern Time The SPY have sold off today from a very oversold technical position. Earlier today around 1:00 pm EST the SPY rallied as the 10 Year T-note yields dropped. This afternoon yields and stocks are lower into the final hour of the day. This is a change in character and should be watched closely over the next few days.
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