Commodity, Futures, Forex and Everything in Between

Follow Up to 30 Year Bonds

YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.

In following up our recommendation on January 20th, it appears that we may have reached an overbought area at 114-28. If you compare this with the low of this large congestion area at 109-11 made on December 3rd, this gives us a large trading range. We believe bonds will ultimately trade back to 50% of this range at 112-04. Todays activity seems to be a correction of yesterdays large down move. Bonds love 50% retracements, therefore;

SELL USH5 at 114-07 today with a stop at 114-18. Objective is 113-18 (overnight low).

You may reach us at 1-800-727-6363 and do not forget to check out our website at http://www.bonddaytrading.com/.

posted by Tom Hall @ 9:17 AM