Broz on Bonds

Comments:  US 30-Year Bond: NO PIVOT; if none of today’s reports, news etc move the market we’ll need to keep using 134.10 as the “key” level for our direction. But with the triggers to the 3 1/2 point move within reach I think we need to primarily focus on those. NOTE: above 136.06 is a pivotal at 136.24.  10-Year Treasury Notes: If the bears get weakness, they NOW need to control 125.23 – that will let them go after 124.15. Upside, the yield and 127.17 can both be first-time fades – but do so knowing the market gets progressively stronger as it moves thru the upside levels. 5-Year Treasury Note: Way off this market – at 122.27 and 119.255 – are the levels that will trigger the next big move…and then closer to home we get significant levels like 122.055 (first-touch fade but then lets trade try to get to 122.27), this pivot, and 120.22 (more of a chop than 122.055 will be, but again: allows the test of 119.255). S&P500 Stock Index:  Trade thru the highs targets 1732.00 – and higher. First weakness comes below 1671.50.