Comments: US 30-Year Bond: Trade below the pivot is vulnerable to 134.07; I’m not sure I’ll buy the dip to 134.07 (given current market conditions). The bulls now need to test 136.06; there is GOOD resistance there but it’s also the trigger for a move to 137.13. 10-Year Treasury Notes: Watch the yield…I’ll go with the bulls on trade thru the highs – 127.24 is what they’ll need next (allows for a run at 128.075). 5-Year Treasury Note: The weakness will come below 121.105; trade up thru 121.255 allows a test of 122.055. S&P500 Stock Index: As long as the stops don’t run we need to favor the downside for a push to 1671.Trade that HOLDS above 1694 targets 1728.25.
