Adjusted on: 8/26 NOTE: FINANCIALS: DEC IS LEAD MONTH ON FRIDAY. US 30-Year Bond: The key here – the first “bullish occurrence” – is still some type of control by the bulls of 132.16-132.19. Merely getting back below the pivot will likely NOT be enough to turn the market “weak”.
10-Year Treasury Notes: Strength will want to print 125.22; you can make a real case for a test of 126.255 here – but I still feel 126.095 gives us a first-touch fade.
5-Year Treasury Note: Trade gets firmer above 120.235.
S&P500 Stock Index: Trade up thru 69.75 targets 80.25 – and control there takes us off the downside bias. Bears need to get trade back below 36.50 (which will go after 1620).
| SEPT BONDS | SEPT 10s | SEPT 5s | SEPT SP500 |
| 134.03 target | 126.255 pivotal | 121.06* |
1680.25 pivotal |
| 133.27* | 126.175* target | 120.315* |
1669.75 pivotal |
| 133.07 pivotal | 126.095* | 120.235 pivotal |
1662.25* |
| 132.19 pivotal | 125.29* | 120.175* |
1653.50* PIVOT 1648.25* |
| 132.16 target | 125.22* target | 120.08* PIVOT |
1636.50 pivotal |
| 131.31* PIVOT | 125.175 pivotal | 119.282 pivotal |
1628.25 pivotal |
| 131.20 | 125.065* PIVOT | 119.19 | |
| 131.11* | 124.265* | ||
| 129.31 watch | 124.015 watch
123.24 |
