Adjusted on: 9/19 US 30-Year Bond: Trade thru the pivot is WEAK and will target 130.12. There is NOT much support at the pivot; I’ll like the upside much better if the bulls can get trade back above any support (131.14).
10-Year Treasury Note: Trade thru the yield seeks 123.25 – but the bulls will defend both 124.075 and 124.015. Trade up thru 123.295 seeks 127.00.
5-Year Treasury Note: Like the bonds, this pivot is NOT very supportive and a failure will slip hard – in this case to 119.17. The bulls do VERY well above 120.255.
S&P500 Stock Index: It’s ALL about WHO controls this pivot…weakness targets 86.25. We still need to go WITH the bulls on strength.
DEC BONDS | DEC 10s | DEC 5s | DEC SP500 |
133.11 pivotal | 126.13 pivotal | 121.015 |
1735.75 |
132.31 | 126.09* | 120.255 pivotal |
1723.50 highs |
132.15 highs | 125.295 watch | 120.19* |
1718.50 PIVOT (true) |
131.31 | 125.13 | 121.10_2 PIVOT (true) |
1698.75* 1686.25 pivotal |
131.14* | 125.06 PIVOT (2.75%) | 120.04* |
1672.50 pivotal |
131.06 PIVOT (true) | 124.30* | 119.26_7* |
|
130.28* | 124.16* | 119.17 pivotal |
|
130.12 pivotal | 124.075 watch | ||
129.30* | 124.015 pivotal | ||
129.13*
|
123.25 pivotal | ||
128.29
|