Thursday, December 1, 2016 Morning Bond Comments

Good day. Again using Mar 17 on the 30 year T bond. Well, Treasuries closed the month as they have trended for much of the month, lower, and now look to be opening the new month in the same direction. The calendar is busy today and I’m not ruling out a bounce in bonds at some point today. My favorite trade is shorting at the resistance zone mentioned.

151’02 (***) TGT4 + Top of Resist Zone

150’28 (**) TGT 3 + Resist Zone

150’21 (*) Higher TGT 2 + Scale Longs

150’14 (*) First Higher Target + Small Resist

150’10 (*) Early Pivot

149’22 (**) First Lower Target + Support Zone Begins

149’18 (*) Scale TGT 2

149’14 (***) Lower TGT 3 + Bottom of Support Zone


All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC