“Sell in May and Go Away?” Not Just Yet…

Written by Al Martin Sunday, 26 May 2013 23:07

 (5-26-13) Once again we saw the June Long Bonds under pressure in Thursday and Friday trade. We were consistent buyers of the Bonds in the 142.24/ 30 area, selling on half point rallies. Although the Bonds have been under pressure of late, we continue to trade them from the long side on dips. They are however making lower lows, but we still refuse to trade them on the short side, as that would be “Fighting the Fed."

Read more: “Sell in May and Go Away?” Not Just Yet…

 

Fed-Heads Admit Market Overvaluation

Written by Al Martin Monday, 20 May 2013 01:34

 (5-19-13) In Friday’s action we saw the Long Bonds fall back once again. We were buyers on the close at 143.28. We would expect the Bonds to move higher by mid week in a repeat of last week’s action.

Read more: Fed-Heads Admit Market Overvaluation

 

Late Week Action Presents Fresh Trading Opportunities in Long Bonds

Written by Al Martin Monday, 13 May 2013 02:14

(5-12-13) The June Long Bond contract fell more than 1-1/2 points in Friday’s session as unusual selling pressure in the so-called NOB spread (the spread between the 10 and 30 year US Treasuries) created by the sharply falling Yen pressured the 30 year Long Bond. This is simply a technical trade that is creating the pressure. We bought the Bonds at 144.28 on our standing order in Friday’s session. We think when the Yen corrects in the coming week’s trade, the Long Bonds will trade back to 146.16.

Read more: Late Week Action Presents Fresh Trading Opportunities in Long Bonds

 

Drop in US Treasury Bonds Creates Buying Opportunities

Written by Al Martin Sunday, 05 May 2013 22:34

 (5-5-13) The dramatic declines we saw in the June US Treasury Long Bond contract on Friday represent a near-term buying opportunity. We bought the Bonds late at 146.31. We would be looking to take a half a point out of the contract on a bounce back in Sunday night’s trade. We think that the selling on Treasury Bonds was overdone, as was the buying in the SPX, since the unemployment numbers were not that far away from original expectation. We were also short the June S&P contract from 1612.

Read more: Drop in US Treasury Bonds Creates Buying Opportunities

 

US Treasury Long Bonds Continue to Pick Up Steam, As Gold Re-Approaches Turn-Back Point

Written by Al Martin Monday, 29 April 2013 03:32

(4-28-13) We have been trading the June Gold on the long side throughout last week. However we have now had a solid 4% bounce off of recent lows. With the Gold having tested resistance at the 1482 area and has been turned back twice there, we think the Gold now is running out of steam and should be sold.

Read more: US Treasury Long Bonds Continue to Pick Up Steam, As Gold Re-Approaches Turn-Back Point

 

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