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Non Farm Payrolls - Biggest Number of the Month Here is Charles Cochran's early comments. 05:55)_Morning. Finanacials sold OVN and indexes rallied. Latest extimates for NFP are < 600K. Still a news day trade. The fact that the concensus is now below 600K mitigates some of the...

Still Range Bound F2 Comments: The market is stuck in a range awaiting its next move. The new move should emerge from the 122-12/16 area. That said, we have another auction to get through before fundamentals start to kick in. Longer term the never ending supply of debt will drive prices...

Trading Range Continues on Tuesday F2 Comments: The market was a trading range, period. The close was mid-range. The profile was split. The market got stops above 122-225 setting up a possible test of near support at 121-24. Some news for Wednesday: ADP Private Employment is expected at...

Monday's Market Was A Bracket F2 Comments: The market was set to trade in a bracket today. The UK was on holiday. Unemployment numbers are on deck this Friday. And there is a 3, 10 and 30Y auction this week. The real action starts tomorrow, IMO. Tuesday’s news : ISM Services is expected...

Pre Market Comments for Monday 5/4 Charles Cochran: (06:49)_Monday will open w/both indexes and financials higher. Probably won’t be this way by day’s end. The UK is on holiday and Europe is back. The UK component of the market is big, as they are the largest money center after NYC. This...

Friday's Wrap-Up by Charles Cochran F2 Comments: The market opened lower and traded lower and stops were pulled below the recent low at 121-25. The local mindset was in control. After the stops were pulled the market returned to the HV area at 122-04. The distribution is a P. The market...

F2 Comments: The market opened soft, rallied back into our aggressive sell zone and then reversed hitting 122-00 before the selling was over. The ES topped in E period and the Bond reversed. By the day’s end the market formed a P. This could take the market higher in the OVN session. The...

FOMC Announcement Sinks Bonds F2 Comments: The market opened and did manage a rally almost to Tuesday’s auction prices. Resistance held and the market began to drift lower. The auction was weak. The market was stuck in a range w/sellers above 124-00. Then the FOMC spoke and said there were...

Wednesday Pre-Market Comments from Charles Cochran (06:21)_Today’s trading would be rather straight forward w/out today’s 7Y auction. Open interest increased 31.8K in the Note. Looks like Dealers sold again yesterday giving them at least 30K net short contracts over the last 3 days to...

FOMC Announcement on Wednesday F2 Comments: The market traded higher off the day session opening from the weakness in the ES. The Bond rallied to 125-23, into our recommended sell zone at 125-19/23, and then reversed to sell for the rest of the day. The market closed weak. The market...

Monday 4/27 Comments F2 Comments: The market showed a trading range today. I think that the market will probe higher, but find sellers above 125-00. This selling should take the market back to 124-08/16. Short term the market needs volume from 124-08 to 124-28. If the market does continue its...

Pre-Opening Comments for Monday, 4/27 (05:52)_Pre-Opening Comments Left the market on Friday wanting to sell early strength based on an ES that was sideways to higher. The ES sold over the weekend and looks to open soft this morning. A lower ES, no news and a 2Y auction supports a sideways...

Resopnse to MJUK I went right to the source for an answer MJUK. Here is Charles' response. Our approach is better stated as the first trade of the day, confirmed by the OVN session. My call was made from the shape of the distribution, the weak close, the fact we are at major support. I...

Friday's Closing Comments by Charles Cochran F2 Comments: The market opened lower and traded lower as per the analysis. And the selling was present into the close too. The market is set to trade lower on Monday w/out news. And there is no scheduled news. The 2Y Note auction is the biggest...

F2 Comments: The analysis favored lower prices and the market did trade lower after a brief run into overhead resistance at 125-28/126-00. Resistance held, the market reversed and sold and this selling was present into the financials close. The close was weak. The market activity analysis favors...

Potential for More Banking Support Rallies Bonds F2 Comments: The buying started in the OVN session after the financial press reiterated recession fears and the potential for more banking support. These stories pointed out that this was not just in the US . Recession/deflation stories and the...

Thursday Recap F2 Comments: It was a trading range day when it was all said and done. There was volume at 127-00 and 127-20, which contained the day session until late in the session. The profile was balanced with a weak close. Resistance held and the market is pointed lower tomorrow...

Extra Insight Prior to Wednesday's Open (06:51)_Mkt is at a level where the buying has to continue. We are at resistance. Today's news is forecast to be supportive, but is expected. Follow through buying or lack there of will be our clue. There was some profit taking in Note calls...

Important News on Wednesday F2 Comments: The market found buyers just below the OVN session’s lows. The 0830 EDT time news was better than forecast for the Bonds, the market broke out hitting 127-315 before the buying was over. The close was strong. The market activity analysis favors...

Getting Ready For Trading on 4/14 Comments by Charles Cochran (06:51)_Most markets motored sideways OVN w/players back from vacation hesitant to take a position. May take a bit to sort things out this morning. OVN volumes are a bit below norms, especially in the Note. A break out play...