“Big unpublished opinion from the 11th Circuit reversing because of a judge’s refusal to ask voir dire questions related to sexual preference prejudices”

“Big unpublished opinion from the 11th Circuit reversing because of a judge’s refusal to ask voir dire questions related to sexual preference prejudices”: David Oscar Markus has this post today at his “Southern District of Florida Blog” discussing a non-precedential opinion that a divided three-judge panel of the U.S. Court of Appeals for the Eleventh Circuit issued today.

Circuit Judge Beverly B. Martin wrote the majority opinion, in which Senior Judge Richard K. Eaton of the U.S. Court of International Trade joined. U.S. District Judge Robert L. Hinkle (N.D. Ga.) issued a dissenting opinion.

How Appealing

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Major Breakout on Hold

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Friday's US Employment Situation Report was much less-than-expected at +87k. Many believe this to be an aberration given recent strong employment data, but the aberration may be a longer-than-expected aberration given 10-year note yield may be telling us that a "soft patch" is directly ahead.

Quite simply, let us preference this with the fact that 10-year note yields have indeed broken out above long-term 200-week moving average, which tells us yields are going higher over the longer-term. However, major trendline resistance is once again starting to prove its merit, with distance above the 200-week moving average having traded into overbought levels at the +20% level. In the past, this distance has been "as good as it gets" for yields, and a decline develops thereafter.

Our downside target is obviously the bottoming 200-week moving average currently trading at the 2.47% level. But make no mistake, we are only looking for yields to correct and then begin to trade at much higher levels.

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Good luck and good trading,

Richard

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Major Breakout on Hold

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