Adjusted on: 10/10 US 30-Year Bond: The keys here are the yield and 133.10; trade back up thru 133.10 can certainly re-focus on 135.05-and higher. A rejection of 133.10 keeps the yield under pressure; trade back beneath the yield will go after 131.15.
10-Year Treasury Note: I’ll like the downside MUCH better below 125.235….there’s a lot of support below, but it DOES bring 124.17 into play. Trade up thru 126.08 goes after the “buy-trigger” at 126.275.
5-Year Treasury Note: Trade staying below this pivot is vulnerable to the downside – to seek the yield. If the bulls get trade back above the pivot I’m not too interested in the upside; the bulls will do MUCH better by taking out (solid resistance) at 121.11_7.
S&P500 Stock Index: The key here is WHO controls the pivot; bull-control can rally as high as 1735. The pivot IS important on a closing basis; more so, trade below 1662.50 is VERY bearish on a closing-basis.
|DEC BONDS||DEC 10s||DEC 5s||DEC SP500|
|134.19||127.095 pivotal||121.165 watch||
|133.29 highs||126.275 long above||121.11_7 pivotal||
|133.10 pivotal||126.13*||120.315 PIVOT (sm true)||
|132.16 PIVOT (3.75% & *)||126.08 pivotal||120.185*120.10_2 1.50%?||
1681.75 PIVOT (true)
|132.03 watch||126.005 PIVOT||120.06*||
|131.05 major||124.28 major|