Thursday, December 1, 2016
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
Thursday Morning Crude Comments from MB
Hello. Continuing with a more macro view in CL. For me, a little more challenging to “read” crude over the last couple sessions given the volatility. My favorite idea is to buy $49.50 today with scales in .50 increments up to $51.00.
$51.00 (**) Target 2 + Resist
$50.50 (*) Target 1
$50.00 (**) Pivotal
$49.70 (*) First Lower TGT + Some Support
$49.50 (*) TGT 2 + Some Support
$49.00 (***) TGT 3 + Support
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Wednesday, November 30, 2016
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