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F2 Comments: Resistance held in the OVN session and the market opened soft and sold Wednesday. The only bounce the market saw was when the ES sold heavily into its close. The close was weak. The analysis favors lower prices Thursday with some help from the news and the direction of the ES...

F2 Comments: The market traded sideways Monday with both support and resistance retested several times during the session. The market did close strong in spite of a strong ES. The market is pointed higher Tuesday without news. Tomorrow’s news: Housing Permits is expected at 590K; Starts at...

F2 Comments: The analysis favored lower prices at the close of trading on Wednesday. The early news was also negative. The Note quickly hit 117-24, the trading target for this entire week. The Philly Fed news was supportive and the Note rallied back into our recommended sell zone at 118-07/11...

F2 Comments: The market found buyers in the OVN session and that buying continued into day session on Tuesday. This buying may have been tied to early weakness in the ES or it could have been more Dealer buying as has been the case of late. The buying took the market to 119-01 before its close...

F2 Comments: It was a typical day during an auction week. Both sides of the markets were tested twice as the news and Dealers worked the pending auction to encourage buying. Japan has been on holiday and did cut the demand for today’s 5Y demand. The auction’s coverage was not as high as the...

F2 Comments: The market did play to our script on Tuesday. We wanted to sell early strength to see if 116-20 could be taken out. If not, we wanted to get long. 116-20 did hold and the market began to trade higher from there. The buyers left the market at 117-05/065 and the market closed strong...

F2 Comments: The market traded both ways Monday. Our first recommended sell zone was breached and the market traded to the LV # at 117-12, which stopped the buying. A new distribution lower came out of the 117-08 area and this selling carried the market to 116-24 before a close at 116-265...

Monday 9/21 Opening Comments (06:36)_This is a big week for news from the regulators. FOMC announcement with some players looking for language on tightening interest rates this ??? G-20 meets in Pittsburgh on 9-24/25 and the news services are reporting that capital requirements, trading...

Friday's Comments F2 Comments: The overnight session held and the day session opened at support. The OVN session’s low at 117-105 fell and that was it. The rest of the day was a sell. The close was weak. The analysis favors lower prices on Monday too. Little in the way of news to drive...

F5 Comments: The market did follow our analysis and sold off its opening on Thursday. 116-20 was the trading target and turned out to be the low of the day session. The market slowly recovered from there and did close strong. It is pointed higher tomorrow too with some help from the ES. No...

F2 Comments: The market sold Wednesday after catching negative economic news at the beginning of its day session. A treasury repo supported the market and the Note hit 117-075 off this repo before the selling restarted. The market sold into its close, which was weak. 116-20 is near support...

Opening comments for Tuesday 9/15 (06:56)_Pretty quiet session OVN. Mkt did just get to the lower band of our aggressive sell recommendation of 117-19/23. And is sitting at near support at 117-12. 117-08/12 is support then basically the buck. The inflation and Retail Sales numbers have...

PPI on Tuesday, 9/15 F2 Comments: The market ran into selling where we expected it to at 118-04/07. The OVN session’s high was 118-045. The day session was lower and sold for the rest of the day and did close weak. The market activity analysis favors lower prices without news...

Opening Comments for Friday 9/11 (06:51)_The pattern since July’s auctions has been for the market to attempt a rally, exceed Thursday’s highs and then get profit taking from the lunch hour on as traders bail before the weekend. Not much in the way of news this morning to increase the...

Market Continues to Rally After 30 Year Auction F2 Comments: The market bottomed on the 10Y auction and has rallied since. This was the week of much stronger bid cover ratios than we have seen since the reintroduction of the 30Y Bond. The market found buyers off the opening and when the...

F2 Comments: The analysis favored lower prices on Wednesday and the market did trade lower hitting support at 116-18/20 before the selling was over. The auction went as expected. Take the market lower to generate demand then rally it off the auction results. The Fed’s Beige Book was...

3 Year Auction Supports Financials on Tuesday[/b] F2 Comments: The market traded both ways, several times today, supported by the 3Y auction, and pressured by the never ending borrowing needs of the current administration. By the day’s close the pattern was a “b”, which favors lower...

Opening Comments for Tuesday 9/8 (06:44)_Friday’s analysis called for a sale into strength. 117-11’s were doable over the holiday. Showing support below the buck. All the news out over the weekend is negative for the financials—commodity prices, dollar woes, another call for a...

Good and Bad News for Financials on Friday F2 Comments: The early news was split on Friday. Headlines were con and revisions were pro for the financials. The financials held up well until it was clear that the ES wasn‘t going to break. The selling accelerated into the Note’s close...

F2 Comments: Thursday’s market was a typical auction day with prices back and forth into the 7Y auction. It was another good auction, but when prices failed to hold the buying spike made on the results announcement long liquidation/profit taking ensued with 117-21 touched before the close at...