Potential Market Place Pitfalls
Municipal Bonds & The Pension Monster
The price on Municipals (iShares National AMT-Free Muni Bond (NYSE:MUB)) soared with the outstanding action in long-Treasuries to July 2016. Our “Special” studies then noted the Upside Exhaustions and Sequential Sells, which also applied to the MUB.
- After the momentum high in December, the action has been weak.
- The attempt to get above the 20-Week ema failed.
- Taking out 107.50 would turn the chart down.