December Treasury Bonds are down 1 3/32 this morning at 119:26 as I write. The enclosed chart shows that the directional movement indicators are on the verge of turning bearish if the bonds follow through to the downside. Many of my other indicators are turning more negative as well. The intermediate major support for T-Bonds is in the 119:00 area where there is an uptrend line coming up from the late August and September lows, along with the 90 day exponential moving average. Stay tuned for a possible trade recommendation later today.

Oct. 14, 2009
David Hall