Choice & Tasty Trading Opportunities as Commodity Boards Sell Off Sharply
Written by Al Martin Sunday, 31 January 2010 23:20
(1-31-10) As we recommended in the March Long Bond contract – we were buyers early Friday morning at 118.06 and lower. We sold the Bonds at 119.04-119.06 on the late Friday rally, taking one whole point out of the Bond contract, as the contract responded to increased global economic tensions. With this week’s Treasury auctions having all gone well and no fresh supply coming, the Bonds still look good to the upside.
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Fresh Fortunes Made in the USH & DXH Contract on the Long Side; Sell Short Dead Cat Bounces
Written by Al Martin Monday, 25 January 2010 00:46
(1-24-10) As we have been recommending for weeks and weeks, the USH contract continues to be a buy-on-dip trade. We saw this trade again all of last week with the Bonds ultimately trading up to 119.00 in early Friday morning trade. Bonds finally did weaken a little in Friday late trade in recognition of $118 Billion of fresh Treasury supply coming this week. However, the Bonds, as we have noted before, do not seem to be frightened of new supply and insofar as this new supply coming next week is all at the short end, we believe that the Long Bonds are still a buy-on-dip trade and that they are now becoming a bellwether for global economic stress.
Commodity Complexes Turn Lower
Written by Al Martin Sunday, 17 January 2010 22:17
(1-17-1 0) In our
last week’s missive, we warned that the March Long Bond contract would rally
this week. We did see a substantial rally off the lows, after a series of
reasonably good Treasury auctions. We consistently traded the Bonds from the
long side with the March Long Bonds going out at 117.12 in Friday’s trade. With
no fresh calendar this week and equity markets under pressure, we continue to
think the Bonds to be a trade on the long side.
Stupendous Shorting Opportunity in Copper
Written by Al Martin Sunday, 10 January 2010 23:33
(1-10-10) We continue to make long-side scalps in the March
Long Bond contract, buying on dips below 115.00, selling on ¼ to ½ point
rallies. We continue to look at the 114.24- 114.30 area as a buying zone. The Bond
market does not seem to be frightened by next week’s fresh supply.
Trades for the New Year 2010
Written by Al Martin Sunday, 03 January 2010 19:56
(1-3-10) The March Treasury Bond contract had sold down
114.30 in Thursday’s session. We had bought the contract at 115.00 and sold it
at 115.14. We believe that the Bonds are a buy-on-dip trade, going into the New
Year.
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