Comments: Bonds: If the bears can take out 146.11 we need to look for 144.24-144.16. Upside, the bulls can start to take back some control above 148.05. 10s: Trade below this pivot targets 131.255 -and IF we get any action – 131.18-095. (The latter 2 prices are very significant – don’t get caught long below them). First strength will be above 132.185. 5s: Trade below 123.25_7 targets 20 – and if we get any action – 123.075. Upside, the bulls need 124.165. SPs: Trade above this pivot takes immediate sell pressure off the market; then the bulls need to get trade above 41.50 (which lets them test 58.50). Trade below the pivot is still bearish.
|
DEC BONDS |
DEC 10s |
DEC 5s |
|
149.28 pivotal |
132.315* bulls need |
124.165 pivotal |
|
148.31 pivotal |
132.265 pivotal (chop) |
124.10* |
|
148.18 pivotal |
132.185 pivotal |
124.025* PIVOT |
|
148.05 pivotal |
132.095* |
123.25_7 yesterday’s lo |
|
147.22* |
132.005 PIVOT |
123.20 watch |
|
147.09* PIVOT |
131.255 target |
123.18 major |
|
146.23 watch |
131.18 pivotal |
123.12 |
|
146.13* |
131.095 pivotal |
123.075 pivotal |
|
146.11 pivotal |
131.035 |
|
|
145.30 |
|
|
|
145.17 145.01
|
|
|
|
DEC SP500 |
|
|
1467.50 watch 1458.50 watch |
|
|
1454.00* |
|
|
1441.50 sm pivotal |
|
|
1432.00 PIVOT (true) |
|
|
1415.25* |
|
|
1408.00 target |
|
|
1396.00 do bulls step in? |
|
Economic Calendar (all times Central) Expected Last
2-day FOMC Mtg begins
noon 2YR Auction
