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Adjusted on: 10/11
Comments: Bonds: We’re still in a “trading” market that needs to move quite a bit to give us any direction. I’ll favor the bears below 148.04 – but it’ll take at least 147.09 to get real weakness…trade above the pivot IS firm – but then the bulls need 150.09. 10s: The move will come above 133.29 (target 135.00) or below 132.24 (with GOOD weakness below 132.09). 5s: Same story…don’t get caught long below this pivot as the move will target at least 123.31. Favor the bulls at 124.25. SPs: I’m favoring the bears below this pivot ALTHOUGH 1421.25 could bring a bounce. The point is, weakness targets 1384.75. Go with the bulls above 1445.25.
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DEC BONDS |
DEC 10s |
DEC 5s |
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151.17* target |
134.12 target |
125.105 pivotal |
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150.21 |
133.29 bulls need |
124.31 target |
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150.09 follow-thru? |
133.23 watch |
124.25 lean long above |
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149.26* |
133.08* PIVOT |
124.18* |
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148.08 PIVOT |
132.31* |
124.11_7 PIVOT (true) |
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148.30 keep watching |
132.24 pivotal |
124.05* |
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148.04 pivotal |
132.165* |
123.31 pivotal |
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147.09 pivotal |
132.09 pivotal |
123.20 pivotal |
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146.14* |
131.015 |
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DEC SP500 |
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1481.00 pivotal 1467.50 watch |
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1445.25 pivotal |
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1437.75* |
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1424.50 PIVOT |
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1421.25 pivotal |
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1410.00* target |
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1397.75 bulls step in? |
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1384.75* target
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Economic Calendar (all times Central) Expected Last
7:30 PPI .7 1.7
core .2 .2
8:55 Mich. Sentiment 78 78.3
