US Treasuries Continue to Gain, As Global Economy Quakes

Written by Al Martin Sunday, 02 February 2014 23:22

 (2-3-14) We continue to trade the March Long Bond contract on the long side, a continuation of our previous week’s recommendation. We see the Bonds traded up to test 134 in both Thursday overnight and Friday day session trade. We were long the Bonds once again from 133.02 from Thursday’s session and were able to sell them on our standing order at 133.30 in Friday’s day session trade, Bonds going out near their highs in anticipation of weaker Chinese data coming on Saturday, which in fact did come and was weaker than expected. We would expect the Bonds to move higher in Sunday night trade.

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Continue To Short Rallies in the Spoos as Contagion Effect Looms

Written by Al Martin Sunday, 26 January 2014 21:35

 (1-26-14) We put out an emergency selling recommendation Thursday night, when our standing sell orders in the March Spoos were filled at 1825. We covered M. O. C. Friday and were filled at 1782, Spoos having now broken 50-day moving average. Next stop down – 1760 to test the 100-day moving average

We would be looking to sell any rallies in the Spoos Friday. Shorts have not covered yet and we have seen there’s no end of short covering in Spoos, but any short covering in the Spoos to take them back for a test of 1800 should be shorted.

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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.

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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.

Read more: Friday’s Poor Unemployment Numbers Create Fresh Opportunities

 

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.

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