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December 30 year T BOND Daily Numbers & Trade Ideas for 11/17/09


This report was sent to subscribers on 11/16/09 5:55 p.m. Chicago time to be used for trading on 11/17/09. Everything is done by Howard Tyllas, no program or black box.

December 30 year T BOND

After the close on 11/17/09: My pivot acted as resistance and was 121=04, just 3 from the actual high, and my support was 120-06, just 1 from the actual low.

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123-07

122-02

--------------121-04      Pivot

120-06

119-10

 

  

Trend                         119-24 is the 200 day MA

5 day chart............  Up                         

Daily chart   ..........Up       

Weekly chart ........ Sideways     

Monthly chart ......  Up

ATR 1-10              Extremely Overbought 98%  

December 30 year T BOND Chart

Dec. 30 year T BOND for 11/17/09: 

I said "Bulls managed to hurdle the downtrend line and recapture the uptrend line which was impressive. If they can hurdle the 200 day MA that would lead to test 121-00".  

They did indeed test 121 falling 3 ticks short. Above 120-04 leads to a test of the red bracket line.

In my daily numbers on Monday; my resistance was 5 from the actual high, my pivot acted as support and was 7 from the actual low.  

Bonds: Numbers were helpful, but the chart showing almost a perfect hold of the uptrend line was the easiest factor to try and buy with a sell stop just below. Bulls are getting confident now they hurdled the 200 day MA, but are extremely overbought for now. Next target is the red bracket line, but I would not press the long side as how they rallied 3-17 low to high in 3 days and are at resistance. I am more comfortable with a sell with a close buy stop than a buy with a tight buy stop for Tuesday.

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           May Your Next Trade Be The Best                          

                     Howard Tyllas            

   Tel.1-312-573-2699, 1-312-961-4390

Disclaimer:     No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve risk. In no event should the content of this be construed as an express or implied promise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.


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Currently a member of The Chicago Board of Trade (CBOT) and registered with the Commodity Futures Trading Commission (CFTC) as a floor broker and as a Commodity Trading Advisor (CTA). I am the President of Futures Flight, an Introducing Broker (IB) for MF Global,   and a member of the National Futures Association (NFA). I started my career in 1973 on The Chicago Mercantile Exchange trading floor working for a major firm. Three years later I purchased my first membership and began what would become a thirteen-year commitment to trading soybeans for my own account on the trading floor. I began trading options on futures since their inception in Chicago about twenty years ago; doing so, I traded in various pits on the trade floor. 

I day traded from 2000-2002 for Schoenfeld Securities (a major proprietary trade firm), and then continued to trade at Sheppard Int. for Jump Trading, LLC. I concentrated on the emini S&P and NASDAQ, trading them “upstairs” on a screen. One of the major lessons that I have learned from all my years of experience is that knowledge is an important condition for the possibility of successful trading. Knowledge gives you a better chance to succeed by eliminating obvious mistakes: with it, you will never find yourself shamefully uttering, “If I only took the time to learn”.  
         
I want to save you from such regrets by teaching you where the danger is, what it looks like, and how to go around it, while still keeping an eye on your destination of success. In short, I will teach you how to combat error with knowledge.
       
My mission is to educate you, giving you my 34 years experience, wisdom, and knowledge from which you will then be able to use and benefit from at will. For you, I will be a personal trainer, coach, mentor, overseer, market strategist, consultant, and advisor. 
I know what will help you make money, and I know what will insure failure. Use my services and prevent, “If I only knew”.  
  

Howard Tyllas

Futures trading involves the substantial risk of loss and may not be suitable for all investors. Past performance does not mean future results.

If you have a question, or comment, email me howardtyllas@howardtyllas.com  

Visit my website www.farmerhedge.com

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