Wed April 28, 2015
I noted last week that TLT was falling out of bed. After a brief attempt to rise above the MAs, TLT dropped 1.36% today.
Municipal Bond Funds
ONe of Franklin's large muni funds has dropped under its MAs.
Closed End Munis
Various closed end muni funds have differing performance. But this Blackrock Fund has been hit pretty hard. It is undergoing an important test in trying to get over the MAs now.
Money Exiting Energy Funds
The money flow in the lower panel suggests the party is ending for the counter trend rally in energy, same thing for XES in energy service.
Crude OIl
With MACD topping and about to roll over, it looks like the fourth wave is indeed ending. This should take us to the fifth wave low under $40 this summer.
Comments