12 Nov
30 Year Auction & Leaders Update
Posted in Intraday Analysis by Bob English at 15:14:36 Comments are off2:14 pm EDT: 30 Year Auction showed weak demand and T-Bonds temporarily broke support before bouncing back into the prior range. They continue to refuse to die, which is ominous for equities. We may not have a confirming move until Monday’s Retail Sales. EuroYen smallest range since Oct 20, gold down day for the first in a long time, and the US Dollar closing very strong. Treas. Budget did not move the markets, so with all the news in, the ES will probably revert to VWAP by close and call it a day.



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