10 Yr Note $TNX Update

It is time to look at what yield is doing after horrible NFP. 10 yr yield is below all daily moving averages, and 50 dsma crossed below 200 dsma - "death cross". No, nobody died, but when this happens it usually means more weakness ahead. Daily huge engulfing candle has swallowed 6 days of gains. 3% is the magnet, if news gets worse watch out below. Italy is in the mix as well today. Lets see what credit rating agency downgrades it first next week - US treasuries will fly, sending the yield even lower...