Commentary, Equities, Featured, Interest Rates|October 24, 2012 7:15 am

Broz on bonds #Bonds $Bonds #Futures

Adjusted on: 10/23

Comments: Bonds: Here’s the “highlites” for FOMC: trade above 148.31 sets up a move to 151.13 – with 150.07 being pivotal on the way. Losing 146.26 and especially 146.13 is BEARISH. 10: Post-FOMC if
trade is above 132.26 (possibly 132.185) give the bulls the chance to take prices as high as 134.03. Favor the bears at 131.30; taking out 131.18-095 targets 130.00. 5s: Trade below 123.25_7 targets 123.085. 123.07 is critical on FOMC. The bulls MIGHT get control back above 124.165 – but likely need 124.24. SPs: Weakness – especially thru 1402.20 – seeks 1395.50. The “meltdown” price is 1385.75. Upside, the bulls NEED 34.25.

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Broz on bonds #Bonds $Bonds #Futures

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