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Noteworthy:
Price moved down again closing below pivot. Pivot and stoch moved lower.
Stoch is at bullish levels. Price found support at S1. OBSI reading
oversold. Tomorrow's employment number finally arriving and will tell
the tale if the back up in interest rates is coming to a conclusion
short term. Market has declined for the ninth time in the last 12
trading sessions. Interesting note, El Ninyo had a effect on the market
today and over the last several sessions. A notable amount of the
selling pressure today was triggered by the rise in price, drop in yield
to near 6%, key number 119-18 overnight by some American insurance
companies liquidation to settle weather damage claims in Florida and
California. Good Trading.
JD
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