Comments adjusted on 12/12: NOTE: SPs: MARCH IS TOP STEP
- US 30-Year Bond: I don't see bonds losing the sell pressure until back above 149.12. Weakness at 147.17 targets 146.05.
- US 10-Year Treasury Note: Weakness seeks 132.185. The pivot will help bulls more if they can re-claim it AND hold it on a dip; otherwise, I like the upside much better above at least 133.28.
- US 5-Year Treasury Note: Trade below 124.13 targets 124.04. The pivot lends resistance -- but keep that "blow-off move" to 125.07_2 in mind. ...
- S&P500 Stock Index: MARCH IS LEAD MONTH. As long as the stops don't run, favor the downside. Trade below 1417 moves to 1412.25; continued weakness there is BEARISH. Note the targets above the stops.