Commentary, Equities, Featured, Interest Rates|October 17, 2012 11:00 am

Broz on Bonds #Bonds $bonds #Futures

Adjusted on: 10/16

Comments: SPs: Trade below 1442.00 will target 1436.50 – but to get a break the bears need to take out 1423.50. Rejecting 1442 keeps the bulls in the game – with trade above 1467.50seking 1485.20. Bonds: Use the pivot for direction; trade below 147.09 targets at least 146.13. Strength seeks 150.10. 10s: The bears still have some work to do; this pivot is directional….trade below 132.145 targets 131.27. A bounce off 132.145 IS bullish – up-top, trade above 133.29 targets 135.00. 5s: Trade staying below this pivot targets 123.31. Losing the pivot will take some late shorts out of the market; from there tho the bulls need 124.25.

DEC BONDS	DEC 10s	DEC 5s
150.10 pivotal	134.05	124.31 target
149.26*	133.29 pivotal	124.25 pivotal
148.31*	133.23 watch	124.18*
148.04 PIVOT (true)	133.07*	124.12_7 PIVOT (true)
147.09 pivotal	132.315*	124.05*
146.13 pivotal	132.24 PIVOT (true)	123.31 target
146.00 pivotal	132.145 pivotal	123.20 pivotal
	132.085*
	131.015
	131.27 target

DEC SP500

1485.20 watch

1467.50 watch

1454.50*

1450.50 PIVOT

1442.00 pivotal

1436.50 target

1432.00*

1423.50 pivotal

1410.0* target

Economic Calendar (all times Central) Expected Last

7:30 Housing Starts 770 750

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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

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Broz on Bonds #Bonds $bonds #Futures

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