Same Old, Same Old

Written by Al Martin Monday, 13 October 2014 00:07

 (10-12-14) We continue to trade the Dec. Long Bonds from the long side on dips. We were buyers consistently late week in the 140.24-28 area, selling on half-point rallies. Bond action – an early precursor of decline in the Spoos. We would expect the Spoos to establish a close under the 200-day moving average, possibly in Monday’s trade. We continue to trade the Spoos from the short side, although coming in long the Spoos Sunday night, looking for that 5-6 handles pickup trade. We nonetheless would be selling the Spoos on any rally again in the Monday day session.

The Nov. Oil contract – we continue to trade from the short side and have been consistently covering on tests down to the 84.25 area.

We would expect the Gold to move up above 1230 Sunday night and our expectation the Spoos will open lower. However we think the Gold will become a short at 1232 or better.

Read more: Same Old, Same Old

 

Long Bonds Continue To Move Higher as Spoos Mount a Second Challenge

Written by Al Martin Sunday, 05 October 2014 23:52

 (10-5-14) We see Long Bonds move higher as above par 39 in midweek’s trade in line with our previous week’s prediction. Bonds traded up to 140 in Friday’s session. We had been long the Bonds from 137.28. We were sellers on our standing orders at 139.28. We got short the Bonds on the turn back Thursday at 139.29 and covered them on our standing order in Friday’s trade at 139.05. We think any retest down below 139 is now a buying opportunity.

Read more: Long Bonds Continue To Move Higher as Spoos Mount a Second Challenge

 

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

 

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