Bonds Higher Ahead Of Fed
Bonds are higher
before the Fed’s announcement on interest rate policy. The contract, from
the Momentum-5
List, continues to provide entry and make good on Off The Blocks
setups.
T-bonds
(
USZ1 |
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PowerRating)Â rallied nearly half a point early in the
morning in technical trading to the 50% retracement of their decline from
the contract high to Friday’s low. This market is trading very
geometrically.
Unable to sustain an eighth consecutive day of upside momentum,
December lean hogs
(
LHZ1 |
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PowerRating) gapped down and have traded due south
to nearly their daily limit.Â
February 2002Â pork bellies
(
PBG2 |
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PowerRating) were a
Turtle Soup Plus One
Sell
and are also down sharply.Â
Down for a sixth consecutive day and filling out the
Implosion-5 List, energies appear to be finding a short-term bottom.Â
After an outside bar yesterday that closed above the previous seven
closes, March 2002 sugar
(
SBH2 |
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Chart |
News |
PowerRating)Â rallied (in
still-shortened, 90-minute sessions) to a one-month high. Sugar rallied out
of a Pullback From Highs
contract yesterday and today. Volume yesterday was heavy.Â