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7 Year Auction Today F2 Comments: The market died today as players were hesitant to take either side. Both sides were well represented by the day’s end, if the volume is to be believed. Looking for a new move to develop out of the 117-30/118-00 area. Tomorrow brings the 7Y auction. I...

Closing Comments for Tuesday 8/26 F2 Comments: the market did trade higher today after testing support at 117-12± after slightly negative early news. Some economic news does come in higher than forecast and this brings in quick selling to the financials. After support held the market...

Fed Repo Moves Financials F2 Comments: The market opened and did try to break. Support held and the market began to recover. When the Fed announced a 6.1 B repo of Bonds and Notes, the market rallied to new intraday highs. The close was strong. The market is pointed higher tomorrow with some...

Closing Comments for Friday 8/21 F2 Comments: Options expiration always complicates the trading. 3 out of 4 times the market will close in that range that makes the market makers the most money. That 1 out of 4 times it usually breaks out and runs for 2-3 points as players have to pay up to...

Opening Comments for Thursday 8/20 Charles Cochran: (07:03)_ES was up OVN and financials are lower. The inverse relationship continues. Some news this morning, but not usually the market moving kind. Focus should be Jobless Claims followed by Philly Fed. The ES’s reaction to this news...

F2 Comments: The analysis favored higher prices Wednesday morning and when the ES sold off OVN buyers poured into the Note. The Note hit 118-145 as the ES was bottoming. Buyers entered the ES and the high was in for the Note. Support was tested at 117-16/20 and the close was in the middle...

Notes Stall at 117.28 F2 Comments: The market did try to rally, but the buyers lost interest at 17-28. Two more attempts to take out 117-28 failed and the sellers then entered the market taking prices to the lows of the day for the day session close. The analysis favors lower prices tomorrow...

Tuesday Morning Opening Comments from Charles Cochran (06:50)_Market caught some selling OVN as the stock markets began to recover from yesterday’s selling in the ES. The ES’s reaction to the day’s news is likely to tell the tale of today’s tape. The OVN selling has taken the Note...

F2 Comments: The market did trade higher today as per the analysis, but did lose considerable upside momentum. The volume distribution and price action suggests a retest of today’s highs and/or higher prices Tuesday. Some news to negotiate tomorrow. Housing Permits is expected at 576K...

F2 Comments: The market did trade higher as per the analysis and made it to a LV # at 117-26. It held as per Rule#1. The rest of the day was left to profit taking by longs as they booked profits after 4 days of a higher market. The questions for Monday is will the rally continue or will near...

Charles Cochran's Opening Comments for Friday 8/14 (06:41)_OVN held yesterday’s gains, but didn’t extend them. Have some news this morning that could move the markets, especially if Capacity Utilization and Industrial Production show more growth than forecast. The ES is at resistance...

F2 Comments: The market was set to trade higher into the 30 Y auction Thursday and that is what it did. The early news showed economic contraction and not growth and the financials took off higher. This buying sustained the 30Y auction too. The close was strong. The market activity analysis...

30 Year Auction on Thursday F2 Comments: It is auction week and this usually yields a trading range market until the completion of such, when the market moves out of the trading range based on current fundamentals. We will be looking for a new move to start from 116-10 post tomorrow’s 30Y...

[b]Opening Comments in Advance of 10 Year Auction[b] (06:23)_The market was a bit higher OVN as players continued to press the long side of the market. Weakness in the ES was supportive. When the European markets turned positive, the financials caught some selling. Have this morning’s news...

Market Focused on 10 Year Auction F2 Comments: The market rallied as per the analysis. Monday’s structure and market activity favored higher prices. The early news was supportive from an inflation standpoint. 3 Y auctions are generally good ones and today’s auction was no exception. The...

FOMC and Treasury Auctions This Week Charles Cochran has returned from vacation. Here are his closing comments for Monday 8/10. F2 Comments: The market found buyers inside of Friday’s lows. Support held and the shorts began to cover. This is another FOMC week plus Treasury auctions. Will...

F2 Comments: It was a typical auction trading set up and conclusion on Thursday. The Dealers usually run prices lower into an auction and then reverse the market post auction to make the cash buyers chase the market higher. They did run the market lower and then rallied it post auction. The...

Opening Comments for 7/30 Charles Cochran: (06:04)_The Note should open close to support. The OVN session didn’t get as high as we had hoped. Unable to execute in our preferred sell zone at 116-03OB. Market was capped at 116-00. So far 115-20 is holding as support. Still like the...

Financials Fall on Poor 5 Year Auction F2 Comments: The market was on hold until the 5Y auction results hit the market. The results were negative and the Note broke hitting 115-155 before recovering to its close at 116-00+/-. Some news Thursday: Jobless Claims is expected at -585K. If it...

F2 Comments: The 2 Y auction did bring in buyers on Tuesday as it usually does. It almost always is a strong auction as today’s was. That didn’t stop the market form selling post auction though. The Dealers do manipulate the market at auction time to encourage buying. The 5 and 7 Y...