TNX is challenging the upper trendline of its bearish Pennant. It will need to decline beneath its lower trendline, which also corresponds with its 50-day Moving Average at 16.78. We’ll look for it in the morning.

Gold is approaching its Intermediate-term and 50-day Moving Averages at 1261.63 and 1258.49. Below those levels is a sell confirmed signal.

Regards,

Tony

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As a State Registered Investment Advisor, The Practical Investor (TPI) manages private client investment portfolios using a proprietary investment strategy created by Chief Investment Officer Tony Cherniawski. Throughout 2000-01, when many investors felt the pain of double digit market losses, TPI successfully navigated the choppy investment waters, creating a profit for our private investment clients. With a focus on preserving assets and capitalizing on opportunities, TPI clients benefited greatly from the TPI strategies, allowing them to stay on track with their life goals.

Disclaimer: The content in this article is written for educational and informational purposes only. There is no offer or recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. Do you own due diligence as the information in this article is the opinion of Anthony M. Cherniawski and subject to change without notice.

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