Dollar Rallies, but Bond can't Catch a Bid

I take a day off see what happens?  Bond Down and the Dollar Up?  Dogs and Cats together?

This morning the Dow is down 1 and the SPX is up 2.  The Euro is down a little, and the dollar is up a little after a strong day yesterday.  Gold is correcting, heading for the mid $1,130's, while silver is off another 2 1/2%.   Oil is down $.65 to just under $88.  But Bonds?  Weak again today after getting crushed yesterday.  The 10 year is down over 7 points from the November high, while the long bond is down over 16 points from the November high.  In addition, while the yield curve is steepening, it is also flattening, with the 10s30 now at 106.  That's a 55 basis point loss in a few weeks!

Our Proprietary Momentum Change Indicators have noted a change in the Dollar, offering a new Buy signal on the close 12/15 at 80.26  This market can be very volatile, experiencing the occasional whipsaw, so keep stops close.

Our Momentum Change indicator for the SPX is tracking sideways... we are watching carefully for any change, but as of today, the buy signal is still in effect.