Bonds Finally Succumb in Late Week Trade
Written by Al Martin Sunday, 25 July 2010 21:54
(7-25-10) As the bogus equity market rally continued, the Sep. Long Bond contract did finally succumb in late week trade, coming down about 2 points off its midweek top. We continue to trade the Bonds from the long side, taking advantage of rallies which have consistently occurred during this downdraft, and we feel that at 127.00, the Bonds are reaching an intermediate term bottom. The equities market has broken resistance in the S&P at 1113. Fundamentals continue to favor the long side of bonds and the short side of equities.
Dynamically Overbought Commodities Provide New Shorting Opportunities
Written by Al Martin Sunday, 18 July 2010 21:27
(7-18-10) In the Sep. Long Bond contract, we saw good
rallies in Wednesday, Thursday and Friday sessions. We were buyers of the Bonds
under par 126 on Tuesday and sellers of the Bond above par 128 in Friday's session.
We had been warning to buy the Bonds on dips. We think the buy-on-dip trade in
the Bonds will continue,
Commodities Dragged Up by Faux Equity Market Rally
Written by Al Martin Sunday, 11 July 2010 20:44
(7-11-10) We saw the Sep. Long Bond futures finally come under pressure in late week trade. However the Bonds continue to hold up remarkably well, given equity market action.
We continue to buy the Long Bonds on dips. Indeed we bought the Bonds on the close Friday at 126.09, as we expect the current faux rally in equities will come to an end next week.
Also the Sep. Dollar contract we had warned had been reaching a bottom. Indeed we were buying the contract below 8400 early last week. The contract has picked up, and we expect that near term Dollar declines have been overdone.
Short Selling Risk Now Diminishing
Written by Al Martin Monday, 05 July 2010 23:40
(7-5-10) After having repeatedly traded the Sep. Long Bonds from the long side on dips last week, we now think that the Bonds will be a short on rally trade, at least for the next 3-4 sessions -- as the Bonds are clearly overbought. In fact we shorted the Bonds at 127.20 in Friday's session and are still holding on to them. We expect to be able to cover them at something below 127. We think that the Sep. Long Bond could back off to the 126.00 area.
Dollar Weakness Pushes Up Commodity Prices
Written by Al Martin Monday, 28 June 2010 15:17
(6-27-10) We continue to trade the Sep. Long Bond contract as a buy-on-dip trade. Indeed we had bought the contract late Thursday at 124.27. We held on to the contract, selling it out at 125.13 in Friday's session, taking more than 1/2 a point out by Friday's close. With this week's auctions now out of the way and equities once again on the precipice, we still like the Long Bond trade.
Page 36 of 45«StartPrev31323334353637383940NextEnd»