SPY/TLT monthly - make or break - 2/20/2015

Technical profile is similar to that of May 2008. But we need to have an open mind about a possible breakout. We should know the outcome this month, or in March. Generally, a breakout is good for stocks, bad for bonds, and a breakdown is good for bonds and bad for stocks. Keep in mind that stock and bond can go same direction at different pace, so the ratio cannot be used alone.
spy/tlt

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