Big Spoo Trade on Thursday Whilst We Continue To Trade Bonds from the Long Side

Written by Al Martin Sunday, 28 September 2014 22:56

(9-28-14) The recommendation we had put out Wednesday to have a standing contingent order selling the Dec. Spoos at 90.50, covering at 60.50 was done in Thursday’s session, allowing us to take 30 handles out of the same trade. We are now short the Spoos after Friday’s rally again at 78.25. We are also carrying a lot of Dec. Long Bonds from 137.16 and looking to sell them back on a move to 138.00.

Read more: Big Spoo Trade on Thursday Whilst We Continue To Trade Bonds from the Long Side

 

We Told You the Bonds Aren’t Dead Yet

Written by Al Martin Sunday, 21 September 2014 22:05

 (9-21-14) We continue to trade the Dec. Bonds from the long side. We were consistent buyers of the Bond on dips down to the 135.18-28 area throughout the week, taking quarter or half of a point scalps. Our final trade, buying at the 135.18 in Thursday’s trade, and selling at 136.18, filled in Friday’s action. We will continue to trade the Bonds from the long side. Despite what Bond Bears say, the bond yields are moving higher.

Read more: We Told You the Bonds Aren’t Dead Yet

 

We Had Been Warning You of Lower Prices in the Euros

Written by Al Martin Sunday, 07 September 2014 21:52

 (9-7-14) We had come into Thursday morning Draghi-speak short the Sep. Euros at 1.3130 from our overnight positions. We were able to take 150 out of the trade on our standing cover order at 1.2980 after Mario Draghi surprised markets with a bolder move on QE and sharper rate reductions making a statement that the ECB is now prepared to "go all in." We are looking to short the Euros again on any move back to 1.3030 or better.

Read more: We Had Been Warning You of Lower Prices in the Euros

 

Expect Final Round of Short Covering & Bag Holder Buying in the Spoos

Written by Al Martin Sunday, 31 August 2014 21:11

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(8-31-14) With the end of August now here, technicals remain good until the middle of September. With 2,000 having been broken in several efforts, we would expect 2,000 to now begin to hold in the SPX. This will prompt the final round of short covering and Unwashed buying a/k/a Future Bag Holders of America Club, as the expected top should be reached in first half of September creating a fresh shorting opportunity. We continue to trade the Sep. Spoos from the long side on 4-5 handle scalps and will continue to do so now.

Read more: Expect Final Round of Short Covering & Bag Holder Buying in the Spoos

 

Disconnect Continues with Spoos and Bonds Moving Higher

Written by Al Martin Sunday, 24 August 2014 21:36

 (8-24-14) In late week trade we saw the Sep. Spoos were able to get above 1990 for the first time. The close Friday, wherein the Seps closed above the cash, would indicate a good opening Sunday night. With nothing fresh on the geo-political front, look for a move up into the 1994 area in Monday’s trade.  We continue to trade the Sep. Long Bonds from the long side on dips. Once again we were buyers at 140 late Thursday and were able to take a half a point out of them in Friday’s trade. It’s unusual for Spoos and Bonds to be moving higher. One has to be wrong. Traditionally it is the Spoos. Time of season would also indicate the Spoos reaching a top.


Read more: Disconnect Continues with Spoos and Bonds Moving Higher

 

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