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Bonds Pointing Higher for Wednesday 2/18 F2 Comments: Strong buying today off the stock market weakness that settled in round the globe. Politics is markets and the markets don’t like the currents politics. Too much spending. Not enough stimulus. The ZB’s close was strong. The market...

Preparing for Trading on Tuesday 2/17 (06:09)_Strong buying OVN as players bought financials and sold stocks. The spending bill in the US has done little to reassure the world’s markets that US’s economy will be helped materially by this bill. As the US’s economy underpins the world’s...

Charles Cochran's Friday Opening Commentary (06:37)_The rally in the ES continued and sellers emerged above 128-16. The selling took the Bond to 127-235 OVN. The OVN structure favors the seller for now. If the day session can’t get through 128-08/12, I think the selling will increase in the...

Thursday's Wrap-Up F2 Comments: The market did trade higher in spite of negative Retail Sales numbers. The focus was the 30Y auction. The Dealers were in control and it is tough to sell Bonds when they are selling. Those Bonds are supposed to end up in retail hands and the Primary Dealer...

30 Year Bond Auction on Thursday F2 Comments: The quarterly refunding is going well. The 3 and 10Y Notes pushed the market higher over the last two days. The strength of the market will be gauged tomorrow based on where it closes after the 30Y Bond auction is behind the market. There is...

Reading The Bars The bars that comprise theTrademaven F4 chart provide many clues about the intentions of the market. Each bar is a mini Market Profile distribution. The yellow is the value area (where 68% of the volume was traded), the red is the unfair high, the blue is the unfair low, the...

10 Year Note Auction on Wednesday F2 Comments: A strong market today. Multiple factors were involved: Russian debt defaults, ES weakness, a normally strong 3 Y auction, and a potential flight to quality. The close was strong. The market activity analysis favors higher prices without news...

Early Morning Comments from Charles Cochran on Tuesday 2/10 (06:49)_The OVN market found buyers. ES weakness???? 3 Y Note auction ??? Bank bailout plan to raise less debt on paper than originally thought. The 2-3 Y Note auctions are usually pretty good auctions. The OI in the 10Y Note dropped...

3 Year Auction Today F2 Comments: The market sold as per the analysis, but did find buying against 125-00, a very round number. When the retest held at 125-02/04, day trade longs and short covering entered the market and took prices to 126-04 at last look. A new distribution higher may have...

Market Sells in the Face of Supportive News F2 Comments: This morning’s news was supportive for financials yet the market sold. This has been the case of late as the Treasury borrowing have grown w/no top in site. The cost of borrowing is going up and quickly too. Next week’s quarterly...

NFP/Unemployment - Biggest News of the Month F2 Comments: The market was on hold today due tomorrow’s NFP news. The short covering was over by C period. The ES rallied. The ZB setback to close at the HV# at 127-00. The market remains in a downtrend. The uncertainty about upcoming debt...

Market Waiting for Friday's News F2 Comments: The market did try to sell today as per the analysis and market structure. The selling was over by C period. The market was whipped around by the news, refunding announcement and comments to of Washington . The size of this year’s borrowings has...

Trading Scenarios for 2/4 Posted in the TIE trading room early Wednesday morning. Charles Cochran: (06:54)_OVN market found buyers inside yesterday’s late sell -off. If the early activity retests support and it holds, the trading range scenario will gain credence. If the market doesn’t...

ADP Employment & ISM Services News This Morning F2 Comments: The market sold today after yesterday’s strong rally. The market may be trying to move into a bracket, if 126-00 holds up on a retest this week. The Fed has stated that it will hold interest rates low for a long time and that they...

Market Recap for Monday 2/2 F2 Comments: Bonds were bought off the night session opening and the early buying took prices to near resistance at 127-28. The range was extended over lunch and did close strong. The market activity analysis favors higher prices/retest of resistance. If resistance...

Opening Comments for Monday 2/2 The OVN market was up over a point from weakness in the indexes round the globe. Some articles out speculating about the extent of the soon to be second/third round of banking intervention by Central banks too. The focus was on US MBS’s and the Fed’s next...

5 Year Note Auction Today F2 Comments: Today’s market was in a word a whipsaw. The market did rally as per the analysis hitting the 2nd projected resistance level. The #2 support/resistance levels quite often are the day session highs or lows. Did the FOMC news break the market? Or were the...

Early Morning Comments From Charles Cochran 1/28 (06:48)_Market played to our script OVN. Traded lower first allowing buys in our recommended range of 130-17/25. THE OVN low was 130-135. And resistance at 131-08/12 basically has held too w/the current high of 131-10. Not much is expected to...

Fed Announcement Today F2 Comments: The market was set to trade higher today and did. The early news was supportive too. When 129-08/12 held on the retest of support, the market turned buyers and we saw higher lows as the bids moved up into the 2Y Note auction. It was a good one and it showed...

Consumer Confidence Today F2 Comments: The market sold as per the analysis and retested Friday’s lows and then some. Support held and the market recovered to trade between 128-20 and 129-08 and closed at 129-04. While the analysis favors sideways to lower prices tomorrow. Some news to...