December Bonds finished down 0-210 at 119-270, 0-210 off the high and 0-030 up from the low.
December 10 Yr Treasury Notes closed down 0-140 at 117-175. This was 0-015 up from the low and 0-120 off the high.
Technical Outlook
BONDS (DEC) 09/15/2009: A crossover down in the daily stochastics is a bearish signal. Momentum studies trending lower at mid-range should accelerate a move lower if support levels are taken out. The close below the 9-day moving average is a negative short-term indicator for trend. The market's close below the 1st swing support number suggests a moderately negative setup for today. The next downside objective is 118-270. The next area of resistance is around 120-100 and 121-020, while 1st support hits today at 119-070 and below there at 118-270.
10 YR TREASURY NOTES (DEC) 09/15/2009: The daily stochastics gave a bearish indicator with a crossover down. Momentum studies are trending lower from high levels which should accelerate a move lower on a break below the 1st swing support. The close below the 9-day moving average is a negative short-term indicator for trend. The close below the 1st swing support could weigh on the market. The next downside objective is now at 116-290. Short-term indicators on the defensive. Consider selling an intraday bounce. The next area of resistance is around 117-255 and 118-105, while 1st support hits today at 117-030 and below there at116-290.
December 10 Yr Treasury Notes closed down 0-140 at 117-175. This was 0-015 up from the low and 0-120 off the high.
Technical Outlook
BONDS (DEC) 09/15/2009: A crossover down in the daily stochastics is a bearish signal. Momentum studies trending lower at mid-range should accelerate a move lower if support levels are taken out. The close below the 9-day moving average is a negative short-term indicator for trend. The market's close below the 1st swing support number suggests a moderately negative setup for today. The next downside objective is 118-270. The next area of resistance is around 120-100 and 121-020, while 1st support hits today at 119-070 and below there at 118-270.
10 YR TREASURY NOTES (DEC) 09/15/2009: The daily stochastics gave a bearish indicator with a crossover down. Momentum studies are trending lower from high levels which should accelerate a move lower on a break below the 1st swing support. The close below the 9-day moving average is a negative short-term indicator for trend. The close below the 1st swing support could weigh on the market. The next downside objective is now at 116-290. Short-term indicators on the defensive. Consider selling an intraday bounce. The next area of resistance is around 117-255 and 118-105, while 1st support hits today at 117-030 and below there at116-290.
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