TYM10 – June Ten-Year Notes (Last:117^08)

Tuesday’s brief but precise bounce off of the midpoint of a bullish daily pattern gives us the confidence to recommend shorting the D target of 118^16.5 with a tight stop.  Traders should sell at 118^15 with a stop at 118^18.5, risking about $110. (Posted by Doug McLagan) _______ UPDATE (6:40 p.m.): Cancel the order, since the futures were having difficulty gaining altitude.  Two days later, they’d gone no higher than  117^17.