While the Q's digest their gains from yesterday afternoon in the vicinity of 39.35/30, possibly ahead of another late-session window-dressing thrust prior to quarter-end, and the e-SPZ circles unchanged, but preserves key support at 1230.00, which keeps yesterday's upleg intact and viable, 10-year T-note prices are sagging as longer-term interest rates are ticking higher, perhaps reflecting stronger-than-expected economic data released early from Chicago area Purchasing Managers.  The September survey came in at 60.0 vs. expectations of 52.0, and an August reading of 49.2. Have a look at my updated daily chart analytics of the December T-notes.

MJP 09/30/05

Mike Paulenoff is a 25-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his E-mini S&P and QQQQ technical analysis and trading alerts. For more of Mike Paulenoff, sign up for a FREE 30-Day Trial to his E-Mini/Index Futures diary, or try his QQQ Trading Diary.