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 |
1713.00 |
133.29 highs | 126.275 long above | 121.11_7 pivotal |
1702.75* |
133.10 pivotal | 126.13* | 120.315 PIVOT (sm true) |
1690.50* |
132.16 PIVOT (3.75% & *) | 126.08 pivotal | 120.185*120.10_2 1.50%? |
1681.75 PIVOT (true) 1672.50* |
132.03 watch | 126.005 PIVOT | 120.06* |
1666.25 watch |
131.27* | 125.235 watch |
1662.50 pivotal |
|
131.15 target | 125.03* |
1650.50* |
|
131.05 major | 124.28 major | ||
130.26 | 124.17 pivotal | ||
130.15* |