Adjusted on: 10/25
Comments: Bonds: NO PIVOT. Make them get the market either ABOVE 146.28 (to seek 148.04) or BELOW 146.14 (with better weakness below 146.04). 10s: Keys here are: 131.18 and 131.09 – both COULD hold, but trade below 131.09 targets at least 130.31. Up-top, the bulls need that pivotal AREA. 5s: Downside, altho 123.18_7 is supportive, weakness WANTS to test 123.085. Upside, the bulls need 124.175. SPs: The bulls NEED to defend 1393.50 – do NOT get caught long below 85.50. Trade up thru 1417 seeks 1433 and 1439.75.
|
DEC BONDS |
DEC 10s |
DEC 5s |
|
148.31 pivotal (above is 150.00) |
133.085* |
124.24 pivotal |
|
148.16* |
133.00* |
124.175 pivotal |
|
148.04 pivotal |
132.25 pivotal- |
124.085* |
|
147.19* |
132.18 AREA |
124.04 follow-thru? |
|
147.07* |
132.095* |
124.005* PIVOT |
|
146.28 watch |
132.015 PIVOT |
123.235 follow-thru? |
|
NEUTRAL |
131.24 follow-thru? |
123.18_7 watch |
|
146.14 watch |
131.18 pivotal |
123.085 target |
|
146.04 follow-thru? |
131.09 pivotal |
123.07 pivotal |
|
145.21 |
130.31 target/watch |
122.305* |
|
145.08 144.25 target
REMINDER: NO TRADING ROOM FRIDAY 10/26!!
|
130.27 sell (target 130.00) |
|
|
DEC SP500 |
|
1449.50* 1439.75 pivotal |
|
1433.00* |
|
1424.50* |
|
1417.00 follow-thru? |
|
1407.75 PIVOT |
|
1399.70 lows |
|
1393.50 watch |
|
1385.50 pivotal 1376.75 short below |
|
1369.50 target |
Economic Calendar (all times Central) Expected Last
7:30 GDP 1.8 1.3
8:55 Mich. Sentiment 83 83.1
