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Trading commodity futures and options involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.
10-Year T-Notes and 30-Year T-Bonds declined today (12/10) as the S&P 500, Nasdaq and Dow Jones all rallied.
Today's move lower gave me a sell signal on the daily chart for the March 10-Year T-Note. The trend has changed to the downside on the weekly chart for the 10-Year T-Notes and so far this month it is showing me a King's Cross counter-trend sell signal on the monthly chart.
March 30-Year T-Bonds also gave me a sell signal today on the daily chart. The 30-year bonds gave a sell signal last week on the weekly chart and a King's Cross counter-trend sell signal on the monthly chart last month.
In my opinion the bonds may see 118-00 in the near future.
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Call me for details and trade set-ups at (312) 277-0112
or toll free at 888-281-4161
or email: LBaer@Zaner.com
For intraday updates follow me on Twitter: @LarryBaerTrader
Larry Baer's Options & Futures Trading Strategies: http://larrybaertrader.wordpress.com/
Larry Baer's Traditional Trending Strategy video: http://www.youtube.com/watch?v=iro7sFQRG5k
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Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.
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