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Re: Friday Bond Pivots



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John Dundee wrote:

> 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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