Commentary, Equities, Featured, Interest Rates|October 1, 2012 11:00 am

Broz on Bonds

Adjusted on: 9/30
Comments: Bonds: It LOOKS like bonds want to trade
lower so I set a higher pivot – but to get the bears in near-term control,
trade needs to take out 148.04. Note the upside…. 10s: The pivot doesn’t lend
any support; trade below it moves to 133.07. If the bears maintain control at
07, we need to look for 132.235 next. Upside, control by the bulls of 133.29
lets trade rally almost a point (target 134.24). 5s: Trade above 124.24 targets at least 124.31. Trade below 124.11
targets 124.04_7. SPs: Weakness tests 1424.50; continued weakness there targets
1407. Do NOT get caught long below 1407. Upside, trade above 1445 moves to
1458.

DEC BONDS	DEC 10s	DEC 5s
151.17* target	134.12* target	125.13
150.27 target	134.05	125.07_7 pivotal
150.21	133.29 sm pivotal	124.31 target
150.09 above seeks 150.27	133.23 lean long above	124.24 Fri sc high
149.28 “last” resistance	133.135 PIVOT	124.175* PIVOT
149.16 PIVOT	133.07 sm pivotal	124.11 pivotal
148.31*	132.31*	124.04_7 pivotal
148.13 target/watch	132.235 major/target	123.305 weak below
148.04 pivotal	132.165*
147.23 pivotal	132.085 major
147.11* favor bears below

DEC SP500

1467.50 highs

1458.00* target

1445.00 pivotal

1440.50 PIVOT

1435.25*

1424.50 watch

1413.75*

1407.00 pivotal

1387.00*

Economic Calendar (all times Central) Expected Last

9:00 ISM 49.7 49.6

Construction Spending .6 -.9

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Broz on Bonds

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