Continue to Trade the Long Bonds from the Long Side on Dips, as Gold Remains a Sell

Written by Al Martin Sunday, 01 June 2014 22:43

(6-1-14) Once again we were buyers of the June Long Bonds on our standing order three times midweek at 138.01. We were able to take a quarter point out of the Bonds each time although the Bonds are now looking tired in the 138.16 or better area. Continue to buy them on dips down to 137.24 till the tapes tell you otherwise.

Read more: Continue to Trade the Long Bonds from the Long Side on Dips, as Gold Remains a Sell

 

Reduction in 'Fear Bid' Favorable for the Spoos

Written by Al Martin Sunday, 25 May 2014 23:01

 (5-25-14) It now appears that the elections in Ukraine over this weekend are going off without a hitch. The inability of Gold to rally in Friday’s trade combined with the Spoos hanging on to their gains would suggest that the Spoos will make a move early week above 1900. Bond action continues to remain firm. We were consistently buying the June Bonds on our standing order at 136.16 three times in late week trade, selling them at 136.24 and finally at 137.00 on the close Friday. Bonds continue to act well as European junk yields continue to decline. We will continue to trade the Bonds on the long side on dips down to 136.16. Watch the action in the Euros. All rallies now in the Euros have become fresh shorting opportunities, as it is likely that Mario Draghi foot-dragging will end this month with some fresh easing by the ECB, taking Euros likely down for test of the 132 area.

Read more: Reduction in 'Fear Bid' Favorable for the Spoos

 

Continue to Play the 'Overvaluation Trade'

Written by Al Martin Sunday, 18 May 2014 22:04

(5-18-14) We continue to trade the June Long Bonds from the long side. We were buyers once again in early Friday session on our standing orders at 137.13 which we were able to get out on the midday lift back to 137.22. Bonds came down to session lows in late action. We would look to be a buyer of the Bonds again on any test at 137.00.  The US Treasuries are the key indicator of the current speculative bubble on the planet. Watch to see if the 10-year yields drop below the magic 2.40 % yield and watch for any increase in yields in Euro-junk sovereign debt, i.e. Greek, Portuguese and Irish.

Read more: Continue to Play the 'Overvaluation Trade'

 

Reduced Global Tensions Calm the Markets

Written by Al Martin Sunday, 11 May 2014 21:27

 (5-11-14) In Friday’s session we saw the Uncle Vlad Friday trade begin to lessen, as Uncle Vlad made yet another peace gesture by offering to withdraw Russian troops from the Ukrainian border for the umpteenth time. We shall see in next week’s trade if he backs away from it once again.

Read more: Reduced Global Tensions Calm the Markets

 

Watch Out for Monday Unwinding of Uncle Vlad Trade… Again

Written by Al Martin Monday, 05 May 2014 00:25

 (5-4-14) With no fresh blowup in the Ukrainian situation over the weekend, we would expect short covering to come into the spoos Sunday night. We would also expect the June Long Bonds which reached fresh contract highs at 136.23 in Friday’s intra-day trade to back off. Although the Bonds have already fallen back in late Friday trade, we would expect a further pullback in Sunday overnight trade, creating yet another early Monday morning buying opportunity in the Long Bonds.

Read more: Watch Out for Monday Unwinding of Uncle Vlad Trade… Again

 

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