Trading Recommendations For Thursday

By Marc Nemenoff
14 August 2009 @ 09:46 am EDT

Financials: Sept. Bonds are currently 11 higher at 118'16, the 10 Yr. Notes 3 higher at 117'03, the 5 Yr. Notes 4 higher at 115'15, and the 2 Yr. Notes 1 higher at 108'13. The Dec. Eurodollars are unchanged at 99.400. Yesterday the Bonds gave trading opportunities near both support and resistance with a low of 115'20 and a high of 118'11 (support and resistance yesterday was 115'20 and resistance 118'04). For today support is currently 116'24 and resistance 118'25. I once again have a bias to the short side of this market and will be a seller on rallies.

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