Continue To Trade from the Short Side on Rallies
Written by Al Martin Sunday, 19 January 2014 23:28
(1-19-14) Despite continuing strength in the March Long Bonds, we are still trading the Bonds on the short side on lifts, covering on 8-10 point dips as we did throughout the week. We are suspicious of this move up in the Bonds and believe it to be only a temporary phenomenon with the sobering reality of tapering to come at the end of this month.
Friday’s Poor Unemployment Numbers Create Fresh Opportunities
Written by Al Martin Monday, 13 January 2014 01:05
(1-12-14) We had
suggested in our last week’s missive that the March Long Bond contract should
be traded on the long side. We see the contract acted well all of last week and
was consistently a buy on dips below 129. We were long the contract going into
the Friday numbers. We did not believe the Wednesday ADP hype about a 250,000 payroll
number. We saw the reaction in the Bonds. We now believe however that Bonds
above 130.20 are overbought and would be looking to short the contract on any
further move higher, as we don’t feel that a new move under 4.90% in the
10-year Bond is in the cards.
Continue to Short Rallies Across the Board
Written by Al Martin Sunday, 05 January 2014 23:21
(1-5-14) We have seen thus far in January short sellers
coming in against the typical first five days in the month buying, something
the shills of course push every month. In January, however, this is a real phenomenon.
We are continuing to sell the spoos on rallies up at 1236 or better, covering
on 10 handle pullbacks. We continue to look to sell the spoos on rallies.
Watch for Fresh Shorting Opportunities Midweek
Written by Al Martin Monday, 30 December 2013 01:46
(12-29-13) We would expect end of quarter portfolio
window-dressing buying in both the coming Monday or Tuesday session with likely
spoos reaching fresh highs by Tuesday close. However be wary of so-called first
five day of the month buying. That’s when shorting opportunities in the spoos
Fed Taper Action Creates New Opportunity in Long Bonds
Written by Al Martin Monday, 23 December 2013 00:10
(12-22-13) We’re now trading the March Long Bonds from the long side after last week’s late week action, wherein we think the Bonds were washed out at the 129 area. We were buyers on our standing orders at 129.00 in Thursday’s session, selling them on our standing order at 130.00 on Friday’s close. Bonds were able to get into a higher high late week. We think the Bonds are now due for a bounce and should be traded on the long side with a possible re-tap up to the 131.16 area.
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