Adjusted on: 10/9 NOTE: IN BONDS I ONLY ADDED A PIVOT; IN 10S I TWEAKED THE PIVOT BY ½ TICK; 5s by a ¼ tick with a slight change in the comment. US 30-Year Bond: We’re still waiting on the breakout…135.06 is a SOLID target and we need to look for it on trade thru the highs. 132.18 is still supportive – but it is THAT failure that allows the run at 131.15.
10-Year Treasury Note: Any moves come above 126.26 (to at least 127.11) or with a failure of 125.22 (that will let trade go after 125.015).
5-Year Treasury We need to favor the bears at 120.25; the bulls added a BIT of support to the pivot – but I’ll need to see some good holds there or a solid push away higher before getting too interested in the upside.
S&P500 Stock Index: As long as trade stays below 1661.50 the market is vulnerable to 1625 (for starters).
|DEC BONDS||DEC 10s||DEC 5s||DEC SP500|
|135.23*||127.24 fade||121.11_7 pivotal||
|135.06 target||127.19 target/major||120.295 PIVOT||
|134.19||127.11 target||120.25 lows||
|133.29 highs||126.26 long above||120.185*120.10_2 1.50%?||
|133.03 PIVOT132.18 pivotal||126.075* PIVOT||
|131.27*||125.29 weak below||
|131.05 major||125.04* (2.75% too?)|