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Market Favors Lower Prices on Wednesday F2 Comments: The market paused from its recent heavy selling, but did build more volume in the lower half of the distribution than the top. This favors lower prices Wednesday. Some news to impact the Wednesday's trading: ADP Private Employment # is...

Financials Sell Off Again F2 Comments: The market was heavily sold again today. Friday’s brief respite was due to EOW/EOM profit taking as some shorts covered their positions and rolled them into September positions. The selling took prices from 116-24 to 115-08. The close was weak. The...

I changed the scaling so you could see the last 6 months.

The histogram in red on the right side of the screen you see each day is 180 days worth of volume. This is the standard daily market profile chart most everyone sees and works from. The monthly market profile is another chart completely. In that chart, every TPO represents one day instead of...

Hi Gordon, My reasoning would be that, looking at the Note, this is the lowest we've been in the last 6 months, with the trend clearly lower based on the monthly market profile. More importantly, supply and demand. The supply is rapidly increasing to fund the debt of our government and...

Support Holds and the Market Trades Higher F2 Comments: The market opened and tried to break support. Support held and the rest of the day was filled with steady buying. The early news was bullish for the financials and EOW/EOM profit taking pulled in more and more buying as protective shorts...

Market Breaks After 5 Year Auction F2 Comments: The analysis was to sell 118-15/19. The day session high was 118-175. The market idled into the 5Y auction hitting 118-15 at auction time. The auction was sold and the market broke hitting 115-25 after the day session’s close. If we hit...

Opening Comments for Wednesday 5/27 (06:35)_Market paused OVN. Think there is one sale in the financials this morning. If the OVN low holds, will cover. OVN news slant favorable for stock market rally. Will have to see if it develops. Retail chains stores sales, mortgage applications and...

Another Day of Selling in the Bonds/Notes F2 Comments: The market got whacked again on Tuesday. It did rally a bit, almost reaching R#2, 119-20/215. The day session high was 119-185. The selling started off the Consumer Confidence number, which was much higher than expected. The Auction...

Note Whacked Again on Friday F2 Comments: The Note has been whacked two days in a row and finished weak. The market is pointed lower for Tuesday too. The Dealer’s manipulation should bring in buying by Wednesday afternoon or Thursday morning. Some news on Tuesday: Case-Shiller Index is...

Heavy Selling Thursday on Treasury Announcement F2 Comments: The analysis favored higher prices or a retest of 123-10/12, resistance. The market hit 123-10. Resistance held. The Treasury announced an auction of 101B next week and a lower repo amount and the market broke. Options...

FOMC Minutes Positive for Financials F2 Comments: The NOB spreading early in the session made the ZB look stronger than the ZN. Volume was slowly moving higher in the distribution before the FOMC news hit the market. The news was positive---more repos, if needed(already have approved 1.25T)...

Market Pauses on Tuesday F2 Comments: The heavy selling from Monday paused, as one would expect. The likelihood of two trend days in a row without a major new piece of news is slim. The market moves and pauses, then moves again. Today’s action consolidated Monday’s big move. The early...

Pre Market Comments for Tuesday 5/19 (06:01)_The financials sold OVN off of new selling (a short hedge) and strength in the indexes. The analysis was a sale from yesterday’s analysis and heavy selling. Looks like the markets are playing for better than forecast housing data, continued...

Charles Cochran's Comments for Monday 5/18 F2 Comments: The market hit our back up sell zone and sold. Friday’s weakness brought more today and the selling was still present after the day session’s close. The market is pointed lower Tuesday too w/some help from the news. Tuesday’s...

Wednesday's Wrap-Up F2 Comments: The market was pointed higher from Tuesday's close. Wednesday’s news was supportive. The ES sold. The financials rallied. Pretty simple when you think about it. The Bond rallied to 123-00 resistance and is set to trade higher Thursday. If we get through...

Wednesday 5/13 Opening Remarks (06:08)_The market did find buyers close to our recommended buying levels OVN and is pointed higher this morning w/some help from the Retail Sales news. This has been revised upwards to RS called Unch. And ex-auto +.2%. Some selling in the ES in front of the...

Tuesday Closing Comments F2 Comments: The market opened a bit soft, retested support at 120-28 and rallied to hit 121-16, #3 resistance. Resistance held and the market settled into a range with buyers below 121-06 and sellers above 121-12. The close was strong. The market activity analysis...

Comments for Monday, 5/11 F2 Comments: The buying that started on Friday continued in the OVN and day session. And the close was strong. The market activity analysis favors higher prices Tuesday w/out news. If the early news is close to expectations ( Trade Deficit is expected at -292...

This Update is for the 10 Year Note F2 Comments: The market caught negative news when the NFP was well below the estimates. The initial sell off brought in buyers and these buyers took the Note to 120-21 before the buying was exhausted. The close was strong. The market is pointed higher...