Jack Broz
02-25-2008, 09:09 AM
after the home sales number trade got crazy...dow has been pushing higher and that dumped financials...right now, bonds are on paper's 116.01 key support...I have 115.27 just below it and view that AREA as the fader's last chance. (I think bonds are going after 115.19, I'd rather sell strength to 116.11-17). Dow gets a trigger to higher trade above 525 (target 598 - maybe up to 614). Right now, 422-408 is dow support - and i'll buy it there.
remember: inverse trade with dow the leader.
Note: we're in roll-over financial trade -and also month end. trade remains very thin and curve-influenced.
remember: inverse trade with dow the leader.
Note: we're in roll-over financial trade -and also month end. trade remains very thin and curve-influenced.