{"id":16216,"date":"2011-12-02T21:00:00","date_gmt":"2011-12-02T21:00:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-hesitate-as-treasury-yields-form-potential-short-term-high\/16216\/"},"modified":"2011-12-02T21:00:00","modified_gmt":"2011-12-02T21:00:00","slug":"stocks-hesitate-as-treasury-yields-form-potential-short-term-high","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stocks-hesitate-as-treasury-yields-form-potential-short-term-high\/16216\/","title":{"rendered":"Stocks Hesitate as Treasury Yields Form Potential Short-term High"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><br \/>\n<!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><br \/>\n<!--\/mfunc--><\/p>\n<table width=\"100%\">\n<tbody>\n<tr>\n<td align=\"center\"><img decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20111204025622im_\/http:\/\/www.prometheusmi.com\/images\/pages\/commentary\/images\/daily\/2011\/12\/02\/ta\/sp500.png\" alt=\"\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Last week, <a href=\"http:\/\/prometheusmi.com\/2011\/11\/28\/short-term-forecast-for-november-28-2011\/\" target=\"_blank\" rel=\"noopener\">the treasury market anticipated the development of the latest Short-Term Cycle Low (STCL) in stocks<\/a> when the Alpha Low (AL) of the short-term cycle in the 10-year note yield formed one session before the corresponding low in the <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> index. Today, a similar divergence occurred as yields moved sharply lower, indicating that the latest Short-Term Cycle High (STCH) may have formed yesterday.<\/p>\n<table width=\"100%\">\n<tbody>\n<tr>\n<td align=\"center\"><img decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20111204025622im_\/http:\/\/www.prometheusmi.com\/images\/pages\/commentary\/images\/daily\/2011\/12\/02\/ca\/note10y.png\" alt=\"\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Stocks have hesitated during the last two sessions following the extreme reaction earlier in the week and renewed weakness early next week would signal the likely development of the latest Alpha High (AH).<\/p>\n<table width=\"100%\">\n<tbody>\n<tr>\n<td align=\"center\"><img decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20111204025622im_\/http:\/\/www.prometheusmi.com\/images\/pages\/commentary\/images\/daily\/2011\/12\/02\/ca\/sp500.png\" alt=\"\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The negative divergence that has developed between treasuries and stocks suggests that the formation of the AH will likely occur sometime during the next few sessions. A stock market reversal at these levels followed by a quick return to the last STCL  would favor the <a href=\"http:\/\/prometheusmi.com\/2011\/11\/30\/short-term-forecast-for-november-30-2011\/\" target=\"_blank\" rel=\"noopener\">bearish short-term scenario<\/a> that we have been tracking, so it will be important to monitor market behavior closely next week. We will  identify the key developments as they occur in our daily <a href=\"http:\/\/www.prometheusmi.com\/category\/forecasts\/\" target=\"_blank\" rel=\"noopener\">market forecasts<\/a> and <a href=\"http:\/\/www.prometheusmi.com\/category\/signals\/\" target=\"_blank\" rel=\"noopener\">signal notifications<\/a> available to <a href=\"http:\/\/www.prometheusmi.com\/registration\/?plan_id=9&amp;affiliate_id=1&amp;source_code=commentarypost\/\" target=\"_blank\" rel=\"noopener\">subscribers<\/a>.<\/p>\n<p><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p><a href=\"http:\/\/prometheusmi.com\/?p=12000\" target=\"_blank\" rel=\"noopener\">Read more here<\/a><\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/a-closer-look-at-the-november-employment-report\/16239\"><br \/>\nA Closer Look at the November Employment Report<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/stocks-hesitate-as-treasury-yields-form-potential-short-term-high\/16216\"><br \/>\nStocks Hesitate as Treasury Yields Form Potential Short-term High<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/gold-consolidation-formation-nears-completion\/16120\"><br \/>\nGold Consolidation Formation nears Completion<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/stocks-surge-on-central-bank-swap-rate-reductions\/16028\"><br \/>\nStocks Surge on Central Bank Swap Rate Reductions<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/stock-market-forms-short-term-low\/15845\"><br \/>\nStock Market Forms Short-term Low<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/stock-market-approaches-important-short-term-low\/15644\"><br \/>\nStock Market Approaches Important Short-term Low<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/stocks-confirm-short-term-breakdown\/15477\"><br \/>\nStocks Confirm Short-term Breakdown<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n.<\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: prometheusmi  <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Last week, the treasury market anticipated the development of the latest Short-Term Cycle Low (STCL) in stocks when the Alpha [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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