-011013.jpg "Click to enlarge")
1/10/2013 30-yr Bond Auction (1301 EST)
Previous: 2.92/2.5
Actual: 3.07/2.8
SPIKE WITH 2ND PEAK
Started @ 144’26 (0801)
1st Peak @ 145’07 – 0802 (1 min)
13 ticks
Reversal to 144’31 – 1312 (11 min)
8 ticks
2nd Peak @ 145’08 – 1318 (17 min)
14 ticks
Reversal to 144’25 – 1400 (59 min)
15 ticks
Notes: Report is scheduled on Forex Factory at the bottom of the hour, but the spike always breaks 1 min late. The highest yield rose more than expected from the previous auction, after the FED move to buy $45B in long term bonds from the FOMC meeting a month ago. This caused a rally of 13 ticks. With JOBB you would fill long at 144’30 with 1 tick of slippage. The spike only crossed the S1 Pivot near the top of the peak. I had my exit on the S1 Pivot at 145’05 and filled with 7 ticks. After peaking, it reversed to the 20 SMA for 8 ticks, then garnered a 2nd peak of 1 more tick. The final reversal fell back to the origin at the S2 Pivot.