I rigged with Excel API and Interactivebrokers TWS a spreadsheet that shows all of the values (yield, duration, etc.) for the whole cash bond complex in a series in real time. TNX is pretty good for 10 year cash, btw. TYX for 30... FVX 5.. It is live.
I am missing the whole damn move. Too fast for me. The long trend down the short trend up. I am lost. If it is a short covering, who are the shorts? I do not see tons of volume on the lower levels to suggest that there are to many in the hole. There must be some initiative buying here. I don't see it so I am out. As soon as I said this I am starting to see a possible short in the 120 14 area. We shell see. I will need a good test to enter and the stop will be very tight.
You are over analyzing the market! I find the more work and thought I put into the catalysts of price action in ZB, the more the markets do the exact opposite. Just jump in...... the water is always in the pool. surdo
Then trade one lots and average in mate, you think I have a clue??? Done for the day, going Mother's Day present shopping now, and to admire the Yummy Mummy's.
This is the critical area that's being tested. Don't worry. Just SHORT MORE ZN! It will break this support before the end of the day. And the floodgates will be opened. Enjoy, trader99