Tuesday, December 13, 2016

Tuesday, December 13, 2016 Morning Bond Comments from MB

Tuesday, December 13, 2016 Morning Bond Comments from MBSocialTwist Tell-a-Friend

Hello. Light calendar today. Quiet, buy the dip action in the 30 year overnight. Looking at yesterday’s rally and some overnight follow through, I think bonds could continue to see higher into the FOMC decision.

I am willing to buy lower with smaller size. 148’23 and adding at 148’16. Risking 12 ticks on the ave to scale at 16 and 24 tick profits. I like selling the 149’22 price small, adding small at 149’28 and 150’02 (if necessary) risking 10 ticks on the ave to make 24 ticks.

150’02 (***) Target 3 + Good Resist

149’28 (*) Target 2 + Still in Resist Zone

149’22 (***) First Higher Target + Good Resist

149’09 Price as of this writing (just a reference)

148’23 (**) Early Pivot – Bias Long Above + Short Below

148’16 (*) First Lower Target + Some Support

148’08 (*) Lower TGT 2 + Some Support

147’26 (*) Target 3

All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

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