CBOT Record!

CBOT August Volume Reaches Second Highest Monthly Total in Exchange History

The CBOT announced today that average daily volume (ADV) reached 3,341,170 contracts in August, an increase of 23 percent compared with August 2005.

Total volume for the month reaches second highest monthly total in CBOT history.

Volume Spike in Bonds

Both volume and open interest in the CBOT futures contract have spiked at this crucial juncture.

As the market moves away from this point, winners' hands get stronger, while losers' hands get weaker, reinforcing the movement in prices.

TACTICS

Sell bonds here.

Be ready to buy 'em back if they break out.

Be ready to go long if prices break out on the upside.

STRATEGY

Look out!

Warn the boss and the board.

This will mean a major inversion of the yield curve.

Next Fed move is down!