Tuesday, December 6, 2016 Morning Bond Comments from MB

Good morning. Somewhat of a mixed bag since yesterday in the Treasury complex and so the bias has to remain to the trend which is lower. Yesterday, If you took both trade ideas then we did well on both sides, however the short idea from the 150’29 ave need a break of 150’10 to get the full handle, I am bidding 150’13 on half and moving stop to break even.

For today: I only want to be short below 150’10. Only new idea today is selling 151’04 with small size, risking 16 ticks to make 32 ticks.

151’20 (***) TGT 3 + Resist

151’08 (**) TGT 2 + Resist

150’30 (*) First Higher Target + Some Resist

150’21 (*) Early Pivot

150’10 (*) First Lower Target + Some Support

149’26 (*) Second Target

149’10 (***) Third Target + Support


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