Stocks Higher Puts Pressure On 10 Year Note
Michael Seery of Seery Futures - InsideFutures.com - Tue May 14, 3:58PM CDT
[

10 Year Notes---The 10 year note in the June contract is currently trading lower by 4 ticks at 124/09 as I have been recommending a bullish position from around the 124 /15 level as I think today's action was positive due to the fact that the Dow Jones Industrial Average is up about 350 points today, however it didn't have a big impact on prices.

If you took the trade recommendation there are 2 possibilities for exit strategies the 1st would be at the 2 week low which was hit on May 3rd at 122/30 or you could go to the 2 month low which was hit on April 17th at 122/20 as the risk would be about another $325 as I think that would make more sense for most trading accounts.

The 10 year note is trading above its 20 & 100 moving average as it still looks to me that prices will break the contract high which was hit on March 27th at 124/31 as prices are right near a 7 week high as money flows are coming back into the sector.

Even though yields historically speaking are extremely low at 2.40% there are still many countries that have negative interest rates which is shocking in my opinion as those countries do not have economies that come close to the United States.

TREND: HIGHER

CHART STRUCTURE: IMPROVING

VOLATILITY: LOW

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com

Skype Address: 5da1f85979b7117b

TWITTER---@seeryfutures

FREE TRIAL FOR THE LIMIT UP COMMODITY NEWSLETTER

Email: mseery@seeryfutures.com

If youre looking to open a Trading Account click on this link www.admis.com

There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.