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If you took the first short at 112 21, consider locking in some / all profit.

Good morning! As we all know now, the reports on Friday showed strength in the housing market and a slowing of economic growth. Today we have Personal Income and Outlays at 0730 CST. This report will be important because of the markets desire to see if there is any support for the strange...

As I promised above, here is the Recap of 26 January 2006 I wrote prior to the market open. ATTENTION: The below post was written on 27 January 2006, several hours before the market opened. The below is a recap of bond market activity on Thursday 26 January 2006. Any references to...

Yes, I concur. Keep in mind that I'm a short term trader. If you need further support for my observations below, check my journal titled, "Bond Trader 2006". All times are CST. The failure to move above 113 05 at 0755, followed by the failure to move above 113 03 at 0825 led me to change...

Looking for something to happen in the next 5 - 10 minutes. It is now 1008 CST.

Also, remember, even if you went short, that a failure to test lows is indicative of a need to take quick profits and get out of your trade. Personally, I'd still be looking for one more re-test of 112 15 or lower. It is just that 3 profitable trades in a row today, plus an unbelieveable 3...

If you are thinking about going short again here at 112 21 or better, only do it this once. Look back at the support and resistance for today, and you'll see that you've been able to bank on trading off of it every time today. That is bound to change at some point. It is still early in...

I was going to post to look for something to happen here at 0945 but it already is happening.....

OK, we've had a rather remarkable day. You should be up an additional 120 USD from this trade on 1 contract. I count three profitable trades for me (and of course the chop from earlier). Even though it is only 0938, I'm carefully considering calling it a day on bonds....the market is...

Lower profit stops... no reason to give too much back. I'm still holding....nothing but air here.....

Can you dig it? I say, can you dig it? Careful about 112 15....look for possibly getting out of 1/2 here. Hold remainder for 112 07. Can you dig it?

Sold 2 at 112 19 0923 CST for re-test of low. Target 112 15 followed by 112 07.

Permit me to draw your attention to these numbers published pre-market today: 113 01 112 22 112 15 I went short at 112 28 on the re-test of 112 28 at 0900 CST according to IB. Covered at 0910 at 112 20. Lost a little on chop trading and getting out at 113 00 and 112 29. So up...

I went ahead and closed my 2 ZB's and my 2 ZN's. We may trade higher, but it is looking weak. I'm not initiating any trades at this time. Up over 400 USD so no need to.

0822 CST It looks like we may make an attempt at 113 04 again. Economists are mixed on the numbers saying that numbers really aren't correct, i.e. GDP is weird. Earlier I mentioned that this is the second attempt. Technically if you count the first spike up in the seconds after report...

Expect something to happen at 0825 to 0830 CST. Next is 0845 CST.

Aren't you glad you took off half at 113 04? I still think we are good for another go at 113 04. Be ready to close all positions if the second attempt of 113 04 also fails. Be ready for a quick spike to 113 10 if we blast past 113 04. I don't know about you, but I'd call it a day at...

Be ready to add to long position anywhere near 113 00. Stop at 112 27 on new trades at that point. This call is good for first attempt only. Usually a slight back up will be followed by retest of highs..... good for first attempt only. On second attempt to 113 00 be cautious if we didn't...

Take 1/2 off now at 113 04. Target of 113 10 if we break through 113 04 decisively. In any event 113 10 doable today.

GDP less than expected. Indicative of no need for further rate increases..... I'm long 2 ZB's at 112 29 with stop at 112 26. I'm long 2 ZN's at 108 225 with stop at 108 210. Good luck! Bias shifts to upside for now. Target of 103 10.