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.
|
DEC BONDS |
DEC 10s |
DEC 5s |
|
151.16* target |
134.20 |
124.225 pivotal |
|
150.21 |
134.115 target |
124.165*l |
|
150.07 watch |
133.305 pivotal |
124.085 PIVOT (true) |
|
149.26 pivotal |
133.23 target |
124.00_2* |
|
148.30 PIVOT (sm true) |
133.085* |
123.235 pivotal |
|
148.04 keep watching |
133.00* |
123.18* |
|
147.09* |
132.24 PIVOT (true) |
123.065 pivotal |
|
147.04 watch |
132.165* |
|
|
146.14 pivotal |
132.085 major |
|
|
146.04 watch |
131.26 pivotal |
|
|
145.19
|
131.175 pivotal |
|
|
DEC SP500 |
|
1474.50 1467.50 watch |
|
1462.00 target |
|
1448.00 pivotal |
|
1440.50* |
|
1432.00 PIVOT (true) |
|
1423.50* |
|
1415.00* |
|
1395.50 support? 1389.50 pivotal |
|
1379.00 sell (target 1370) |
Economic Calendar (all times Central) Expected Last
7:30 NFP 125 114
Rate 7.9 7.8
Avg Hrly Earnings .2 .3
Workweek 34.5 34.5
9:00 Factory Orders 4.6 -5.2
