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Looking To Sell The 10 Year Notes


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10 Year Note Futures--- The 10 year note in the September contract settled last Friday in Chicago at 120/11 while currently trading at the same price unchanged for the trading week experiencing extremely low volatility as we are stuck in a 2 week consolidation pattern.

The 10 year note is trading right near a 6 week high as prices are trading above their 20 and 100 day moving average as the short-term trend is to the upside, however I am looking at a counter trend recommendation possibly in next week's trade as I'm looking to go short as the yield at the present time is 2.83% which is absolutely ridiculously low in my opinion especially when the NASDAQ 100 & the Russell 2000 hit all-time highs on a daily basis.

In my opinion I believe the Trump tariffs have supported bond prices as the commodity markets are falling out of bed so investors are buying bonds, but I think that situation will eventually end in a positive note as the fundamentals of the United States economy are outstanding at the present time coupled with the fact of extremely low unemployment numbers so let's look to sell this possibly on the next up day as I still remain bearish as I don't think this volatility is going to remain low for much longer.

TREND:---HIGHER

CHART STRUCTURE: EXCELLENT

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: mseery 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.



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About the author


Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
 
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
 
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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