Adjusted on: 10/7
Comments: SPs: 1444.50 is more important to this market than the pivot; trade is weak below there and is vulnerable for a move to 1424.50. Look for a large break if the bears take out 1415.50. Keeping trade above 1444.50 brings 1467.50 and 1496 into play. Bonds: The info at the levels is just “trade”; in order to get the next move the bulls need to take out 149.28 – that lets them test 150.08 and perhaps 150.23. The bears need 145.17; that lets them go after 144.07 and 143.27. 10s: Trade below 132.235 moves to 133.095. Do NOT get caught long below 132.095. Up-top the key is 133.21; if the bulls re-take that price they can make another attempt at 134.24. 5s: Trade below this pivot targets 123.25_7. Holding the pivot keeps the bulls in the game – but then they must take out 124.24_7.
|
DEC BONDS |
DEC 10s |
DEC 5s |
|
149.28 pivotal |
134.12 target |
125.17 pivotal |
|
148.31 major |
134.01 |
125.12 |
|
148.26 target |
133.21 resist |
125.00 target |
|
148.04* |
133.135 target |
124.24_7 highs |
|
147.19 PIVOT |
133.085* |
124.18* |
|
147.09* |
132.315* PIVOT |
124.105 PIVOT (true) |
|
146.29 target |
132.235 target |
124.05* |
|
146.13* |
132.165* |
123.31 target |
|
145.31 scalp sell |
132.095 pivotal |
123.25_7 target |
|
145.21 target |
132.015 |
123.18 major |
|
145.17 pivotal |
131.26 target |
|
131.18 pivotal
|
DEC SP500 |
|
1496.00 pivotal |
|
1486.75 |
|
1476.25 |
|
1467.50 pivotal |
|
1455.50* PIVOT |
|
1448.00 target |
|
1444.50 pivotal |
|
1434.75* |
|
1424.50 watch 1415.50 pivotal 1408.00 target |
Economic Calendar (all times Central) Expected Last
10/9: noon 3YR Auction
1:00 Beige Book
No responsibility is assumed for the use of this information, which is current when written and subject to change without notice. The information contained herein shall not be considered an offer to buy or sell any commodity or futures contract. Transactions in futures carry a high degree of risk and are not suitable for all investors. The user of this information should carefully consider whether trading futures is appropriate for him or her. The author of this newsletter may have positions in the contracts discussed herein or an interest in positions discussed herein while other trades discussed herein or in the trading room may be for simulated and educational purposes only. The use of this information, in consideration for its use, expressly holds the author harmless for any use of the information.
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
