Tuesday, December 13, 2016 Morning Bond Comments from MB

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