Commentary, Equities, Featured, Interest Rates|November 2, 2012 7:00 am

Broz on Bonds #Bonds $Bonds #Futures

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Adjusted on:  11/1

Comments:  Bonds: What matters on NFP is 149.26, this pivot, and 146.14.  We can fill in the blanks in the room – but taking out 149.26 projects to 151.16; below 146.14 (and especially 04) to 143.12. 10s: Trade taking out 133.305 goes after 135.055pivotal.  Below 131.175 is: 131.08pivotal; 130.27sell; 130.00target. 5s: Trade below 123.235 seeks 123.065pivotal. Trade above 124.225 targets 125.11pivotal. SPs: Overnite we can lean long off the 1423.50 (to test 1432) but on the # WHO controls 1432 is KEY. If the bears can’t hold 1448, note the target…trade is VERY weak below 1389.50.

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