Are Short-Term Interest Rates Turning Up ?

Todays action in the short-term interest rate sector as represented by ETF SHY is at minimum a shot across the bow.  While our computer based trend programs have not turned yet, a close of 84.37 or lower would be an early indication of a change in direction in short rates and an indication of followup to the upturn in long-term rates that was signaled on October 12th.