Update: European Equities & U.S. Treasuries Breaking Points

This is an update to the posting dated April 05, "European Equities, U.S. Treasuries, Japanese Equities, Yen and Stimulus".  Please see the charts therein for context.

We already find corroborating broken uptrends in both of the other major European markets:

 

 

We wrote that "another way to gauge when U.S. equities will drop is the U.S. 10-Year Treasury Note. A close above 133 should coincide with a bearish move in equities." 

To end that week the 10-Year Note popped well above the 133 level though it closed right on the line exactly at 133.  To end this past week it again closed exactly at 133, but apparently above a 9-month downtrend:

 

The 30-Year also has a key level we've been keeping an eye on, just over 146, which has been violated:

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