Comments: US 30-Year Bond: I’m leaving the levels kinda wide still… we’ve had a pretty decent week and I don’t want to get us chopped into the weekend. I’ll look for trade thru 135.28 to test 136.06 – and then see who controls 136.06. Expect GOOD weakness below 134.07.
10-Year Treasury Notes: Despite the importance of 127.00 and 126.11 any moves only occur above 127.255 or with bear-control of 125.20. (Trade above 127.155 WILL go after 127.21 and 127.255 tho). 5-Year Treasury Note: Upside, I’ll go with the bulls on new highs to see if they can test 121.255…the pivot IS directional but downside the bears will then need 120.24_2… S&P500 Stock Index: We’ll go with the bulls as long as they can hold this pivot…note the target/pivotal further up…bear-control of 1654 is VERY bearish; 1621 would be in play.