Gold & Silver Continue to Reside in La La Land

Written by Al Martin Sunday, 01 May 2011 22:37

(5-1-11) We continued to scalp the June US Treasury Long Bond contract from the long side in Friday’s trade. We were buyers of the contract at 122.01, selling it at 122.17 in late session, taking out yet another half a point from the contract on the long side. As financial pundits continue to pooh-pooh US Treasuries, the Treasuries continue to gain in value. We continue to trade them from the long side.

The June Dollar contract broke into yet another fresh 3-year low.  We are looking to buy the contract at 73.00.

The June Crude Oil contract – we were buyers once again on our 113.01 buy stop Friday, as recent tops at the 113.50 area were breached on a closing basis, signaling higher Oil prices next week. For now, however, we would look to be short sellers on any move up to 114.50.

Read more: Gold & Silver Continue to Reside in La La Land

 

Coffee: Feature Trade of the Week

Written by Al Martin Monday, 25 April 2011 01:20

(4-24-11) In Friday trade, we saw the June US Treasury Long Bond contract close marginally higher, but continues to be a buy-on-dip trade down to the 120.24 area, as we had suggested in last week’s missive. We continue to look to trade the Bonds on the long side.

Read more: Coffee: Feature Trade of the Week

 

US Treasury Bonds Continue to Rally

Written by Al Martin Sunday, 17 April 2011 22:37

 (4-17-11) We continue to trade the June Long Bond contract on the long side on dips. We were buyers of the contract again on the close Thursday at 119.18  We were sellers of the contract in Friday’s trade, taking nearly one whole point out of the contract. Despite a seemingly growing bearish environment for Bonds, Treasury Bonds continue to rally. The Treasury Bonds are telling you that price declines in equities and commodities are coming.

Read more: US Treasury Bonds Continue to Rally

 

Gold Overbought; Silver Dragged Up by the Gold

Written by Al Martin Monday, 11 April 2011 01:51

alt(4-10-11) Last week’s light market action set up trading opportunities for the coming week. We saw the June Long Bond contract come down under good selling pressure in Thursday and Friday trade. We bought the contract when it came under 118.00 in Thursday overnight trade, selling the contract at 118.16 in Friday’s early session. We think the bonds are cheap down here and we look to trade them from the long side on a retest of the 117.28 area.

The June Dollar contract is coming down to approach fresh lows. However we think the contract is oversold at 75.00 and would be looking to trade the contract from the long side, as the Euro will pull back from recent ECB rate action inspired rallies.

Read more: Gold Overbought; Silver Dragged Up by the Gold

 

Overbought Grains Create Fresh Shorting Opportunities

Written by Al Martin Monday, 04 April 2011 00:16

(4-3-11)  We bought the June Long Bond contract on the dip generated by the better unemployment numbers on Friday. Markets recovered, and we were able to take a quarter point out of the Bonds in late session trade. Despite the growing list of Bond naysayers, US Treasuries continue to be well bid. We continue to trade the contract from the long side on dips down to 119.20.

Read more: Overbought Grains Create Fresh Shorting Opportunities

 

Page 36 of 53

«StartPrev31323334353637383940NextEnd»
Content Copyright © 2009
Insider Intelligence.
All Rights Reserved.
Design Copyright © 2009
Hostricity Web Hosting.