Monday’s trade was more range bound and quiet under lite volumes. I’ve adjusted labeling back to reflect the preferred count with the markets holding to parameters for the current count. The treasuries put in stronger downside moves then I would have expected under the current counts. I’m cautiously watching the 10 and 2 year notes along with the 30 yr bond. Again, the NQ and ES the markets should begin to decline and again do it without giving much thought to looking back – only forward to keep an eye on the next bid!
Tomorrow at 10 AM Consumer Confidence data will be reported. Fed Gov. Barr gets to give his testimony on the banks to the Senate Banking Committee, which also starts at 10 AM EDT.