Last Friday the US 10 year treasury yield (TNX) spiked to 1.60, the highest since July 2021.10 year treasury yield (TNX)Based the daily chart above, $微型10年美债收益率主连 2110(10Ymain)$ broke out from the accumulation structure 2 weeks ago and tested the axis line (where the support-turned-resistance) at 1.5 followed by a shallow reaction.Last week, TNX was on the move again and broke the swing high resistance at 1.5 and close at the recent high at 1.60.It is likely to test the previous swing high formed in March 2021 at 1.7 (as shown in the blue box).While the10 year yield is on the rise, how does it affect the stock market? Let’s look at the NASDAQ 100 futures (NQ).NASDAQ 100 Futures (NQ)Firstly, why look at NASDAQ? While th
Is the stock market about to crash? Since I have no crystal ball I cannot say when. But I can say that the market is getting closer to the next crash. The market crashes on average every 4 to 8 years. I can also say that many popular technical analyses say that timing the market does not work. The stock market has proven to be the No. 1 place to invest for the long term basing on 100 years of history.Also studies have shown the longer you hold a diversified portfolio, the better your returns will be. And.....Stock market investing is for life and not the next market crash!If you worried about your stocks or ETFs in your portfolio, consider Selling them! Sure. But please don't do it because you are scared of the market crashing!Sell them for good reasons li