I've been relatively successful in trading the SPY and QQQ indexes over the last few months and noted that the 10yr and 2yr bond rates have been very strongly inverse correlated to the indexes (when bonds go up, stocks go down and vice versa). However, since last week i've noted that these correlations are weakened, specifically on the stock upside, though stocks dropping when bond rates increase seems to still have a moderate inverse correlation.
I'm not sure what leading indicators I can use right now and i've had a chain of unsuccessful trades in the last two weeks. The last week in November is supposed to be the most seasonably strong of the month. What am I missing?
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