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I don’t have an early pivot to set bias today. I like selling $53.00 on a bounce and adding at $53.20, using a .25 stop to earn $1.00. I think buying $52.13 with a .20 stop to make .50 is a fair trade.
$53.40 (***) Third Higher Target + Better Resist
$53.20 (**) Second Higher Target + Good Resist
$53.00 (*) First Higher Target + Some Resist
$52.13 (*) First Lower Target
$51.85 (*) Lower Target 2
$51.57 (**) Third Lower Target + Better Support
$51.11 (***) Pivotal
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Good morning. Very quiet overnight in terms of range and volume. Today’s calendar is light as Chair Yellen address is not expected to be of market interest. The seasonality and being a Monday suggests that buying early weakness and holding into some upper target areas as a swing trade this week could work.
2273 (***) Pivotal
2268 (**) Third Higher Target + Better Resist
2264 (*) Second Higher Target + Fair Resist
2261 (*) First Higher Target + Small Resist
2256 (*) Early Pivot
2250 (**) First Lower Target + Support
2247 (**) Second Lower Target + Support
2243 (***) Third Lower Target + Bulls Must Hold
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Hello. Once again, bonds trying to hold up in a quiet overnight session. This week has a mixture of quiet but also some noticeable economic reports. Bonds have to rally back up to 150’00 at least some point.
I like selling the 148’15 price today, risking 8 ticks to make 16 minimum, if there is momentum lower then I’d attempt for 24 ticks. Or I can buy 147’18, risking 8 ticks to make 24.
149’09 (***) TGT 4 + Resist
`148’28 (*) TGT 3 + Some Resist
148’15 (**) TGT 2 + Fair Resist
148’06 (*) First Higher Target + Small Resist
147’28 (*) Early Pivot
147’21 (*) First Lower Target + Some Support
147’14 (**) Target Two + Better Support
147’04 (***) TGT 3 + Support
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
