Adjusted on: 10/03 US 30-Year Bond: The bulls make a better case above 133.19 and especially the highs; that strength would target 135.07.
Rejecting the highs – given as this is primarily for a Friday – will see some profit-taking. However, the bears NEED 132.16 to take some control.
10-Year Treasury Note: As long as the bulls hold the pivot we’re better off going with them…but even that said, they need to control 127.085. I’m not interested in buying weakness.
5-Year Treasury Note: It won’t be easy to rally these; note the strength of 121.11_7 right out of the blocks….bulls will do MUCH better above 121.175. As mentioned in bonds (re Friday) – buying dips will be aggressive.
S&P500 Stock Index: Weakness will seek 1659.50; bear-control there goes after 1639. The bulls are certainly in the game with a HOLD of 1659.50; otherwise they need 1693.50.
| DEC BONDS | DEC 10s | DEC 5s | DEC SP500 |
| 135.07 pivotal | 128.005 | 121.21_7 |
1701.00* |
| 134.19 | 127.235 pivotal | 121.175 pivotal |
1693.50 pivotal |
| 133.29 highs | 127.175 major | 121.11_7 major |
1686.50* |
| 133.19 watch | 127.085 pivotal | 121.06 PIVOT |
1678.25* 1672.25 PIVOT |
| 133.09* PIVOT | 126.275 highs | 120.29_7 |
1659.50 pivotal |
| 132.16 pivotal | 126.195 2pm out | 120.185* |
1649.25* |
| 131.27* | 126.095* PIVOT |
1639.00 target |
|
| 131.12 target | 125.22* | 1623.50* | |
| 131.05 pivotal | 125.03* |
