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Time to take out some shorts


The bulls SHOULD get some follow-thru above 136.31 - but they will need to re-take 137.24 and 138.04 in order to get back any kind of control. 10-Year Treasury Notes: Trade staying below this pivot keeps pressure on 126.24; trade below 126.24 targets 125.00.  The bulls need 128.06 just for starters and actually get some legs above 128.12.  US 5-Year Treasury Note:  Trade thru the lows seeks 120.065. The bulls re-gain a measure of control above 121.295 – but that will be a tough level to trade.  S&P500 Stock Index:  The bulls will make an effort to get to 1620.25 – but 1613.50 MIGHT stop them. (Attaining and holding ABOVE 1620.25 will take out some shorts). We can fade first-touch of 1554.50.