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I Am Bearish The 10 Year Note

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10 Year Notes---The 10 year note in the December contract settled last Friday in Chicago at 124/19 while currently trading at 125/05 up slightly for the trading week as I'm not involved in this market , but I am keeping a close eye on a possible short position as prices right near a 2 week high.

The 10 year note hit a high on September 8th at 127/28 and has been in a downtrend ever since due to the fact that the U.S stock market continues to hit all-time highs on a weekly basis as money flows are finally coming out of bonds and into equities as that trend could continue for months to come.

The 10 year note is trading slightly above its 20 day moving average but below its 100 day telling you that the trend is mixed as I am advising clients to avoid this market at the present time, but there will be a selling opportunity down the road in my opinion as a 10 year note is still yielding about 2.35% which is way too low for these economic conditions.

The U.S employment report was released on Friday stating that our unemployment rate is 4.1% coupled with the fact that our GDP hit 3% the first time in 9 years & with the tax reforms and massive tax cuts imminent that could send future GDP reports to 4%/5% while sending the 10 year note above 3% in my opinion.TREND: MIXED CHART STRUCTURE: POOR

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-312-224-8140 I will be more than happy to help you with your trading or visit

Skype Address: mseery TWITTER---@seeryfutures



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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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