Adjusted on: 11/7
Comments: Bonds: Any trade staying above 149.27 needs to be respected for a push to 151.16. Trade slipping below 149.27 will sag to 149.18 and once back below 18 we’re back to “range trading”. 10s: NO PIVOT. The bulls must take out 133.23 and especially 133.285 – that lets them go after 134.275 and 135.04. A failure to do so can unwind back to 132.24. 5s: The REAL key here is WHO controls 124.24_2… SPs: The pivot is THE key to direction; weakness thru 85.50 moves to at least 1370. First strength will come with bull control of 1415.
|
DEC BONDS |
DEC 10s |
DEC 5s |
|
152.10 target |
135.04 pivotal |
125.12 |
|
151.28 target/squeeze |
134.275 target |
125.00 target |
|
151.16* target |
134.20 |
124.24_2 pivotal |
|
150.21 |
134.12 target/watch |
124.165* PIVOT |
|
150.07 PIVOT |
133.285 pivotal |
124.08 pivotal |
|
149.27 do bulls hold? |
133.23 target |
124.00_2* |
|
149.18 watch |
133.07* |
123.25 target |
|
149.08 target |
132.31* |
|
|
148.30 watch |
132.24 pivotal |
|
|
148.04 pivotal |
132.165* |
|
|
|
132.085 major |
|
|
DEC SP500 |
|
1447.50 target/watch 1435.25* |
|
1429.50 long above |
|
1425.25* |
|
1415.00* target |
|
1405.00* |
|
1395.00 PIVOT (true) |
|
1385.50 watch |
|
1379.00 sell 1370.00 target |
|
1366.25*
|
Economic Calendar (all times Central) Expected Last
7:30 Trade Balance -45.1 -44.2
Initial Claims 370 363
noon 30YR Auction
