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 |
Quote |
Chart |
News |
PowerRating)
 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 |
Quote |
Chart |
News |
PowerRating)
gapped down and have traded due south
to nearly their daily limit. 

February 2002 pork bellies
(
PBG2 |
Quote |
Chart |
News |
PowerRating)
were a
Turtle Soup Plus One
Sell
and are also down sharply. 

Down for a sixth consecutive day and filling out the
Implosion-5 List
, energies appear to be finding a short-term bottom. 

After an outside bar yesterday that closed above the previous seven
closes, March 2002 sugar
(
SBH2 |
Quote |
Chart |
News |
PowerRating)
 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