Adjusted on: 10/21 US 30-Year Bond: I want to “widen” the information out for the jobs #…if it ends up being a non-event we can fill in the blanks thru the room.
Up-top, any trade that ends up above 134.14-(26?) needs to be favored for a test of 135.05 and 136.03. 134.04 is the other key to gauge strength – NOT this pivot. Downside, weakness STARTS below 133.01.
10-Year Treasury Note: If post-# trade is above 127.08 we need to respect a test of 127.235 (with 175 being a first-touch fade). First weakness comes below 126.09.
5-Year Treasury Note: This pivot WILL provide direction post-# with bulls better off above 121.225 and bears better off below 121.025.
S&P500 Stock Index: Monday’s lackluster trade keeps this pivot as the KEY price for next direction…be sure to reference it post_#…The bulls will still use 1703 and perhaps even 1691.25 for buying opportunities (first weakness comes below 1691.25).
| DEC BONDS | DEC 10s | DEC 5s | DEC SP500 |
| 136.03 target | 127.235 pivotal | 122.04* |
1781.00 |
| 135.23* | 127.175 major | 121.29_2 |
1768.00 |
| 135.05 pivotal | 127.08 watch | 121.225 pivotal |
1755.25 |
| 134.26 sc highs | 126.24 PIVOT | 121.175 watch121.11_7 PIVOT (true) |
1738.00 PIVOT (true) 1729.50 |
| 134.14 highs | 126.13* | 121.025 pivotal |
1717.00* |
| 134.04 watch | 126.09 pivotal | 120.20 pivotal |
1703.00 pivotal |
| 133.23 PIVOT | 125.18 pivotal (2.75%?) | 120.10_2 1.50%? |
1691.25 pivotal |
| 133.09* | 125.015* | 119.28 pivotal | |
| 133.01 pivotal | 124.28 major | ||
| 132.19 3.75%? | |||
| 131.20 lows | |||
| 131.13 pivotal130.26
|
