Adjusted on: 10/03 US 30-Year Bond: The bulls make a better case above 133.19 and especially the highs; that strength would target 135.07.Rejecting the highs – given as this is primarily for a Friday – will see some profit-taking. However, the bears NEED 132.16 to take some control.
5-Year Treasury Note: It won’t be easy to rally these; note the strength of 121.11_7 right out of the blocks….bulls will do MUCH better above 121.175. As mentioned in bonds (re Friday) – buying dips will be aggressive.
S&P500 Stock Index: Weakness will seek 1659.50; bear-control there goes after 1639. The bulls are certainly in the game with a HOLD of 1659.50; otherwise they need 1693.50.