Commercial bond buying reinforces equity sell off.August 23, 2012
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|Commercial Traders Buying Bonds|
This also ties in with the sell signal we posted yesterday in the Dow futures. We expect bond futures to rally as money finds its way into safe havens in anticipation of an equity sell off. Finally, the Federal Reserve Board minutes seem to be pointing towards QE3. This will further depress yields and lead to greater price gains in the futures.
We will buy bonds and place a protective stop below the swing low at 145^08.
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