TNX Breakout

TNX failed on the first breakout attempt but quickly reclaimed and is now looking poised for another leg up. Many are calling for a move back up to 5% and I personally think that is likely to happen as well. We may get a reaction tomorrow morning after PPI and jobs data and I expect it to be up for now.

I refuse to believe stocks will be able to go up in unison for yields much longer. We are nearing beginning of the end now, it is inevitable. Question is when and how bad. We'll find out.