30YR T-Bonds

http://www.thestreet.com/story/13098988/1/doug-kass-says-the-bull-market-in-bonds-will-end-this-year.html?kval=dontmiss

The Weekly trade pressures are still up. Weekly volume closed bullish last week and will likely close bullish this week, albeit with substantially lower volume.

The Daily trade is long from the 158-10/32 entry price, meeting the first and 100% targets, and is now attempting to test the prior 167-18/32 high.

There is a 167.90 target above that would likely resist any breakout.

Long? Take profits.

Short? Yes, but at our 163-21/32 short entry. Or, the most aggressive can fade that 167.90 resistance with tight stops.

[Update 5/4: the 158-21 downside target offered no resistance. The next target down is 153-28. 159-27 is the stop and possible new long entry.]

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