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.
Gold Overbought; Silver Dragged Up by the Gold
Written by Al Martin Monday, 11 April 2011 01:51
(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.
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.
US Treasuries Finally Soften Late Week as Dollar Rallies
Written by Al Martin Sunday, 27 March 2011 22:11
(3-27-11) We turned short sellers of the June Long Bonds in Wednesday’s session, as the new pattern of highs being established early, followed by intra-day dips, continues. We think the bonds are headed down to 120 in Monday’s trade. Furthermore next week we also have fresh US Treasury supply. We would expect the Bonds to remain under pressure and we are now looking to short rallies.
Fresh Trading Opportunities As Japan and Libya Roil Global Markets
Written by Al Martin Sunday, 20 March 2011 21:21
(3-20-11) We saw the June US Treasury Long Bonds back down from their Wednesday highs. The fear bid which took the Bonds above 123 became exaggerated. We were consistent sellers of the Bonds at 122.24 -123.14 in Thursday’s session, covering on the dips back to 121.16 in Thursday’s overnight trade. We do think that the Bonds will probably back down for a retest of the 121.00 area. However Bonds continue to be a buy on dip trade.
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