Ten Year Notes 11/28/07
Ten Year Note TYZ07 11-28-07 (Wednesday): A Daily Technical Analytical View of Stocks, Furtures, Eminis and Forex for online and day traders.
Yesterday I had a long entry signal for the Ten Year Note at 12:20 at 113 22 and then an exit at 4pm at 113 31. The price as of this morning is hovering at the 34 ema and below the T8. the T8 has turned down as of yesterday also. The StoRSI is at 4.21 which is signifying an oversold condition and we should see somewhat of a bounce today. We are in a trading range with all eyes on the FED to see if they do cut interest rates at the December meeting. If they do cut rates the Ten Year Note will move higher. Watch for the next entry below the lower SEB band around 113 10.
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