Broz on Bonds
Adjusted on: 10/17 US 30-Year Bond: Being as this is for a Friday we need to be careful buying weakness on rejections of strength…that said, the bears can’t add until they can move trade below 132.26.
If we GET strength, note the upside targets.
10-Year Treasury Note: Strength still wants to print 127.11 – with continued strength there going after 127.24. Bears can add below 126.075.
5-Year Treasury Note: This pivot lends the BEST support in the sector; 121.17 and 121.22 are NICE targets. Trade thru 121.025 is vulnerable to 120.205.
S&P500 Stock Index: While control of this pivot remains THE key, the bears will do better by taking out 1705.50. If the bulls can control this pivot (and we may even buy that dip to 05.50) they will go after 1749.
| DEC BONDS | DEC 10s | DEC 5s | DEC SP500 |
| 136.13 | 128.06 | 122.09 |
1749.00 pivotal |
| 136.04 target | 127.24 pivotal | 122.04* |
1739.50 |
| 135.24* | 127.185* | 121.28 |
1725.75 PIVOT (true) |
| 135.18 | 127.11 pivotal | 121.22 target
121.17 watch |
1717.25 1705.50 pivotal |
| 135.06 target | 126.265 PIVOT | 121.10 PIVOT (true) |
1693.25* |
| 134.29 | 126.20* | 121.025 pivotal |
|
| 134.06 PIVOT | 126.13* | 120.275* |
|
| 133.30 watch | 126.075 pivotal | 120.205 pivotal | |
| 133.16* | 125.27* | ||
| 133.08* | |||
| 132.26 pivotal | |||
| 132.19* (3.75% )
132.04*
|