The Petalumahomes.com Realty WebLog

This Friday brings us the all-important Jobs Report. For now, however, the market is focusing its attention on the 200-day Moving Average. The Bond is currently resting on this important floor of support.With Friday’s report waiting in the wings, Bonds are likely to stay close to the 200-day Moving Average–since Traders won’t want to place big bets either way in advance of this report.

For now, I recommend cautiously floating, but I will be watching carefully as the Bond trades near this important support.