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The Rise In Rates and The Rate Of Rise & TWTR Update

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In July we showed a weekly TNX noting a big picture Cup & Handle that spelled higher yields.

In mid-January, 6 months later, TNX is accelerating and we followed up asking, do “Gentleman Prefer Bonds?” suggesting 10 year yields may be targeting 3.90%

Many believe rates are on the rise, but few on the Street think they are going much past 3%.

Moreover, the vast majority on the Street think that the rate of rise will be orderly.

It’s not so much the rise of rates, but the rate of the rise that can give the stock market indigestion.

TWTR Update

TWTR is catching a bid…again.

We sent an alert to buy TWTR 5 days and were filled at 24.

Members sold half at 25.92 and we are riding the rest.

TWTR has been showing superior relative strength during this weeks market sell-off and as noted there is a Square of 9 projection to a minimum of 32.

Notable is the strength out of last weeks WEEKLY Plus One/Minus Two buy setup… with that 2 week pullback tracing out what looked like the Handle of a Cup & Handle pattern (bullish) as flagged in a recent Face Book live video.

Position in TWTR

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