Bond Futures: Market Treading Water

MrTopStep.com

Jack Borz


30 year T-Bonds

30 year T-Bonds Trade Bond Futures


Bonds: The market is trading in an area that doesn't mean much. ... Use the pivot for direction; the bears will do a BIT better below 149.23 too.
10s: Note the pivot provides direction. ... Trade below 133.095 seeks 132.09.
5s: Strength seeks 124.275, 125.00 - and higher. Rejecting either of those prices will bring in some faders; downside the bears need 124.115.
SPs: Continued strength at 14.50 targets 32.50. Favor the bears with a loss of 86.25.

DEC BONDS DEC 10s DEC 5s
152.18 pivotal 134.175 125.045
151.18* 134.10 pivotal 125.00 pivotal
150.30* 133.275* 124.275 target/watch
150.21* 133.19* 124.20* PIVOT
150.13 PIVOT (true) 133.145 PIVOT (true) 124.115 pivotal
149.23 pivotal 133.095 pivotal 124.05*
149.09* 133.00 pivotal 124.00 pivotal
148.30 pivotal 132.215* target
148.22 pivotal 132.09 pivotal
148.06 target

DEC SP500
1432.50* target
1419.00*
1414.50 pivotal
1409.00 pivotal
1403.50 PIVOT (true)
1394.25 sm pivotal
1386.25 pivotal
1372.25 pivotal (weak below)

Economic Calendar (all times Central) Expected Last
7:30 Durables -.2 9.8
9:00 Consumer Conf. 73.3 72.2
noon 2YR Auction
1:00 Beige Book

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