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.
|
DEC BONDS |
DEC 10s |
DEC 5s |
|
150.21 |
134.12 pivotal |
124.215 pivotal |
|
150.10 target |
134.02 pivotal |
124.16_7* |
|
149.28 pivotal |
133.23 target |
124.085 pivotal |
|
149.04 sc highs |
133.145 better for bulls |
124.03* PIVOT |
|
148.31 still need to key off |
133.085* |
123.23_2 pivotal |
|
148.16* PIVOT |
133.005* |
123.18* |
|
148.03 keep watching |
132.25 PIVOT (true) |
123.09 target |
|
147.19* |
132.18* |
|
|
147.09* |
132.095* |
|
|
147.04* |
131.275 target |
|
|
146.31 pivotal 146.13* 146.06 pivotal (below seeks 145)
|
131.25 pivotal |
|
|
DEC SP500 |
|
|
1449.00* 1442.50 watch |
|
|
1432.00 watch |
|
|
1415.25* |
|
|
1407.50 PIVOT |
|
|
1394.25 keep watching |
|
|
1388.25 pivotal |
|
|
1379.00 sell |
|
|
1369.50 target 1366.25* |
|
|
1360.25 major |
|
