Adjusted on: 10/30
Comments: Bonds: With NY “back” on Wednesday let’s focus on the “highlights” under the assumption we’ll get some pretty erratic trade: 146.31 is READY to fail….bulls do better above 148.31 (to target 149.28). 10s: They kept these pretty neutral while NY was shut down….trade above 133.145 targets 133.23 AND 134.02 (02 is a better fade than 134.12). Weakness seeks 131.275. 5s: The bulls really need 085; that lets them go after 124.215. Rejecting 085 keeps the bears in the game; note the target below 123.23_2. SPs: Trade below 88.25 can fall as far as 60.25. (I think we could actually see 1340 but 60.25 should at least give us a first-touch buy). Strength seeks 1442.50.