Bond market is still under pressure...but when will they tank the SPs?
Adjusted on: 2/3 PLEASE NOTE: I will not be moderating the trading room Friday 2/8 or Monday 2/11. I will be unable to provide a newsletter for 2/11’s trade. Comments: US 30-Year Bond: Weakness – especially thru 142.17 – seeks 141.07 and likely 140.25. Upside, the bulls need to re-claim 144.05. US 10-Year Treasury Note: Trade thru 130.30 seeks 130.18 and 129.31. US 5-Year Treasury Note: Weakness seeks 123.105-06; bulls need 124.05. S&P500 Stock Index: Note there is a second target at 1548.75. While the market has built in some support thru 1499-1490 I still feel when the firms decide to break it they’ll be able to break it hard. Below 1483 will be a clearer signal of weakness.
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