Friday, December 9. 2016 Morning Bond Comments from MB

Good morning. Bond weakness continues. Only place I would buy is 148’00 but I don’t expect that to print today. Instead I’ll look to sell back through 148’24. I also like selling 149’16 with smaller size adding at 149’22, using a 12 tick stop on the average while targeting 24-32 ticks.

149’22 (***) Third Higher Target + Resistance Band Begins

149’16 (**) Second Higher Target + Some Resist

149’04 (*) First Higher Target

148’24 (*)  Early Pivot

148’20 (*) First Lower Target

148’11 (**) Second Lower Target + Some Support

148’00 (***) Third Lower Target + Better Support


All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC