10 Year Notes Continue Bearish Trend

10 Year Note Futures---The 10 year note has reversed some of the gains that we witnessed last Friday selling off 10 ticks to close around 120/27 as the U.S stock market is up around 550 points today sending money into the equity market & out of the bond market once again.

I still remain very bearish bonds as I think the yields could go significantly higher come year end so I will be recommending to add more positions if we break the February 8th low of 120/17 while continuing to place the stop loss above the 10 day high which stands at 122/17 as that stop loss will remain for another 6 trading sessions.

Clearly the trend in bonds is lower as the U.S government will start to shed some of its massive reserves coupled with the fact of massive growth occurring in the United States the 1st time in nearly 10 years as they announced a nearly $2 trillion infrastructure plan by the Trump administration which is another huge stimulus plan for the economy and should increase interest rates in my opinion.

If you have not taken any of these recommendations you're going to have to wait for some type of kickback as the risk/reward are not in favor at this time as the trends in 2018 have been strong as I think that's going to continue for some time to come as the commodity markets are coming to life.

The 10 year note is trading below its 20 and 100 day moving average & if the contract low is broken I think we could crack the 120/00 level possibly in next weeks trade so continue to risk 2% of your account balance on any given trade.


TREND: LOWER


CHART STRUCTURE: SOLID


VOLATILITY---HIGH



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