Commentary, Equities, Featured, Interest Rates|October 15, 2012 11:00 am

Broz on Bonds #Bonds $Bonds #Futures

Adjusted on: 10/14

Comments:

SPs: As long as any pullbacks here stay below 1444.50 we need to favor a move to 1385.25. Trade staying below this pivot really keeps the sell pressure on this market.

Bonds: I’m going to focus on the SPs and expect to trade inversely to them…so that said I’m looking for bonds to test 150.01-150.19 for starters. First weakness will come
below 148.23.

10s: Note bond comment…if the bulls can control 133.26 the move projects to 134.24. Downside, that whole area from 132.24 to 132.09 is where the bears begin to gain
some control.

5s: note bond comment. Trade BELOW this pivot targets 123.31…I’ll favor the bulls at 124.25.

DEC BONDS	DEC 10s	DEC 5s
151.16* target	134.12 target	125.00 target
150.27 target	134.055 pivotal	124.29 target
150.19 watch	133.26 pivotal	124.25 pivotal
150.01 watch	133.145	124.18*
149.26* PIVOT	133.07* PIVOT	124.115 PIVOT (true)
148.31*	132.31*	124.05*
148.23 sm pivotal	132.24* better for bears	123.31 target
148.04*	132.165*
147.15 better for bears	132.09 pivotal
147.09*	132.015

DEC SP500

1454.75*

1444.50 pivotal

1432.00*

1424.25 PIVOT

1420.50 Friday’s lo

1410.00* target

1385.25* target

Economic Calendar (all times Central) Expected Last

7:30 Retail Sales .6 .9

x-auto .5 .8

NY Empire -.5 -10.41

9:00 Business Inv. .4 .8

No responsibility is assumed for the use of this information, which is current when written and subject to change without notice. The information contained herein shall not be considered an offer to buy or sell any commodity or futures contract. Transactions in futures carry a high degree of risk and are not suitable for all investors. The user of this information should carefully consider whether trading futures is appropriate for him or her. The author of this newsletter may have positions in the contracts discussed herein or an interest in positions discussed herein while other trades discussed herein or in the trading room may be for simulated and educational purposes only. The use of this information, in consideration for its use, expressly holds the author harmless for any use of the information.

Use of this information constitutes acceptance of the terms stated. This brief statement does not disclose all the risks of trading in futures. © Copyright 2012. All Rights Reserved tttdow@yahoo.com

Share this post:

© 2013 . All Rights Reserved

The information and data on MrTopStep and any MrTopStep report(s) or Membership Services were obtained from sources considered reliable. By using this website or any other MrTopStep Membership Services, you agree to the terms set forth in the Terms of Use. Opinions, market data, and recommendations are subject to change at any time. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any commodities or securities. MrTopStep, its officers, directors and its contributors may in the normal course of business, have position(s), which may or may not agree with the opinions expressed in this report.

MrTopStep, its officers, and directors are not agents, representatives, or affiliates of the CME Group. Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in these report(s) will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

Broz on Bonds #Bonds $Bonds #Futures

You might also be interested in the following: