This past Weekend Update published an interest rate chart that was on the verge of breaking out. Here is the chart updated with today's 10 Year Yield rally and with its own Intermediate Term Trend Model which looks just a day or two away from generating a fresh Buy Signal. If rates are going back up, equities are going back down. If trend continues look for action to heat up toward the end of this week. First "pending" trade below. US 10 Year Yield QQQ Hourly It will take a QQQ below 300 to get us to start nibbling on QQQ March 17th Puts: QQQ Sell Pending: Trade Signal: QQQ Sell on a close < 300 (currently 304.60) Option: QQQ Mar 17 $290P (currently 4.35-4.40) Target: QQQ < 275 within 40 days (expiration); $290P >15.00 Stop: 50% Trailing from highest option price after entry ------------------------------ IWM - Look for test of channel support this week. If QQQ closes below 300, IWM will also break below its upward channel, labeled as Wave (2) C. Failure = Wave 3 down
