TLP’s Market Thoughts For Today

One week ago December Non-Farm Payrolls were released at +292,000.  Revisions for October and November were +50,000.  The 30-year bond future (ZBH) traded to a low of 15414.
Five trading days later a flight to quality bid has returned to ZBH and this market is five full points higher.  When flight to quality buying artificially pushes a market higher in this manner, I am looking for places to get short.
All the bond bears need is for the stock market to stabilize and this bond market will be trading 15700 on its way back down to where it belongs at 15400 or lower.
Tony LaPorta

Tony LaPorta Futures Maven

Tony LaPorta has been active in the futures industry for over 36 years including membership at the Chicago Mercantile Exchange (CME) and the London International Financial Futures Exchange (LIFFE). Tony is an ex pit-trader turned screen-trader.

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