TradersAudio's Lichtenstein: Money Is Moving and I'm Watching the Bonds

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Choice quotes from our weekly discussion with Ben Lichtenstein, president of TradersAudio.com. "I think you have to look at that psychological level right around 1300 and then go below that in 25-point increments, in my opinion." "We did see strength up there [above 1300] and conviction in terms of holding that level, but very little conviction, strength, energy, and the follow-through." "Traders were looking for higher levels last week and unable to achieve those levels, so again, a bit of a pullback." "I'm watching the bonds and the fact that they are starting to scream higher again. They've been inching their way up to this 147 handle in the 30-year. We just came off with conviction last week back down to the 140 handle." "We've really just been chopping it up in between there for a year and a half now. I think they are going to make an attempt on this 147 handle. I think they haven't given in on accepting a failure at that level at this point." Find us on Twitter @BenzingaRadio
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