US 10YR FUTURE TECHS: (U5) Key S/T Resistance Remains Exposed
Jun-13 16:03
- RES 4: 111-30 76.4% retracement of the May 1 - 22 downleg
- RES 3: 111-20 1.0% 10-dma envelope
- RES 2: 111-14+ High Jun 5 & 61.8% of the May 1 - 22 downleg
- RES 1: 111-13 Intraday high
- PRICE: 110-18 @ 16:55 BST Jun 13
- SUP 1: 110-17+/109-28 20-day EMA / Low Jun 6 / 11
- SUP 2: 109-12+ Low May 22 and the bear trigger
- SUP 3: 109-09+ Low Apr 11 and key support
- SUP 4: 108-25+ 0.764 proj of the Apr 7 - 11 - May 1 price swing
Treasury futures have traded to a fresh short-term high Friday, as the contract extends the recovery from the Jun 11 low. Attention is on key short-term resistance at 111-14+, a Fibonacci retracement and the Jun 5 high. Clearance of this hurdle would be bullish. On the downside, a reversal lower would refocus sights on 109-28, the Jun 6 / 11 low. A break of this level would be bearish and open the bear trigger, at 109-12+, May 22 low.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
US TSY FUTURES: BLOCK: Jun'25 2Y & 5Y Buys
May-14 16:01
- +7,500 TUM5 103-07.88, buy through 103-07.62 post time offer at 1152:50ET followed by
- +6,500 FVM5 107-12.25, post time offer at 1152:50ET, trades 107-12.5 last
US STOCKS: Midday Equities Roundup: Bouncing on Middle East Trade Headlines
May-14 15:55
- Stocks have bounced off recent Wednesday session lows after Pres Trump "signed an agreement with Qatar to generate an economic exchange worth at least $1.2 trillion," according to a fact sheet issued by the White House.
- Currently, the DJIA trades up 2.3 points (0.01%) at 42143.74, S&P E-Minis up 9.5 points (0.16%) at 5914.25, the Nasdaq up 119.1 points (0.6%) at 19130.52.
- Information Technology and Communication Services sectors outperformed for the second consecutive session, chip makers leading the former after the Trump admin lifts curbs and touted deals with Saudi Arabia yesterday.
- Leading gainers included: Super Micro Computer +17.10%, Advanced Micro Devices +4.73%, NVIDIA +3.27%, Enphase Energy +3.00% and Dell Technologies +2.83%.
- Interactive media and entertainment shares supported the Communication Services sector: Alphabet +2.98%, Take-Two Interactive Software +1.22%, Match Group +1.11% and Netflix +1.01%.
- On the flipside, Health Care and Utilities underperformed in the first half, pharmaceuticals weighing on the former: Bio-Techne -4.81%, Solventum -4.54%, Revvity -4.44%, Moderna -4.24% and AbbVie -3.76%.
- Shares weighing on the Utility sector included: Eversource Energy -2.88%, Exelon -2.35%, WEC Energy Group -2.31%, Consolidated Edison -2.10% and Constellation Energy -2.04%.
MACRO ANALYSIS: US Investment Pledges Under Trump In Context [2/2]
May-14 15:44
- For context, the flow of total investment in the US summed to $4.0trn in 2024 (from standard national accounts), of which $0.9trn was in structures, $1.5trn in equipment and $1.6tn in IP.
- That total was worth 13.8% GDP in 2024, close to the high end for previous cycles having rarely exceeded and last higher with the Dotcom bubble, peaking at 15% GDP in 2000.
