December Bonds finished down 0-210 at 119-060, 0-150 off the high and 0-110 up from the low.
December 10 Yr Treasury Notes closed down 0-115 at 117-060. This was 0-090 up from the low and 0-055 off the high.
Technical Outlook
BONDS (DEC) 09/16/2009: Stochastics trending lower at midrange will tend to reinforce a move lower especially if support levels are taken out. The market back below the 18-day moving average suggests the intermediate-term trend could be turning down. The close below the 1st swing support could weigh on the market. The next downside objective is now at 118-060. The next area of resistance is around 119-240 and 120-130, while 1st support hits today at 118-210 and below there at 118-060.
10 YR TREASURY NOTES (DEC) 09/16/2009: Declining momentum studies in the neutral zone will tend to reinforce lower price action. The close below the 9-day moving average is a negative short-term indicator for trend. It is a slightly negative indicator that the close was under the swing pivot. The next downside target is now at 116-175. The next area of resistance is around 117-175 and 117-290, while 1st support hits today at 116-280 and below there at 116-175.
December 10 Yr Treasury Notes closed down 0-115 at 117-060. This was 0-090 up from the low and 0-055 off the high.
Technical Outlook
BONDS (DEC) 09/16/2009: Stochastics trending lower at midrange will tend to reinforce a move lower especially if support levels are taken out. The market back below the 18-day moving average suggests the intermediate-term trend could be turning down. The close below the 1st swing support could weigh on the market. The next downside objective is now at 118-060. The next area of resistance is around 119-240 and 120-130, while 1st support hits today at 118-210 and below there at 118-060.
10 YR TREASURY NOTES (DEC) 09/16/2009: Declining momentum studies in the neutral zone will tend to reinforce lower price action. The close below the 9-day moving average is a negative short-term indicator for trend. It is a slightly negative indicator that the close was under the swing pivot. The next downside target is now at 116-175. The next area of resistance is around 117-175 and 117-290, while 1st support hits today at 116-280 and below there at 116-175.
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