From just above a predicted low at 119^10, the futures have now rallied to within a whisker of our first important rally target, 121^28. Someone in the chat room reported booking a $400 profit on a long position taken near the lows, but it would have required daring, not to mention cunning, to have extracted much more than that. The 121^28 target is no longer significant from a trading standpont, but we’ll be focused on it nonetheless, since an easy breach would shorten the odds of another leg up.
USM09 – T-Bond Futures (Last:121^24)
More on this topic
(What's this?)
Niall Ferguson: U.S. Treasuries are the Pearl Harbor of Safe Havens
(Expected Returns, 7/8/10)
SP 500 September Futures Daily Chart
(Phil’s Stock World, 7/7/10)
VIX Futures Contango Bubble
(Phil’s Stock World - Members S..., 7/10/10)
Treasury Yields: Hanging By Fingertips
(The Technical Take, 7/20/10)








Comments on this entry are closed.