Scalping Opportunities Remain Despite Sharply Mixed Markets
Written by Al Martin Sunday, 11 April 2010 23:40
(4-11-10) We had put out an urgent recommendation early Friday to buy the June Long Bond contract, when it suddenly fell back to 115.08. We had bought the Bonds starting at 115.12, down to 115.07. We turned sellers of the Bonds later in the day on our day-trading recommendation to sell the Bonds at 115.24 and up. Indeed we saw a high of 115.27, taking an average of 16/32nds out of the Bond contract. With the Long Bond auctions having gone better than expected last week with no fresh supply coming, along with a growing “Fear Bid” in the Treasuries, we expect the Bonds will continue to rally in next week’s trade and we continue to look to buy them on dips back to the 115.12 area.
Read more: Scalping Opportunities Remain Despite Sharply Mixed Markets
Favorite Short of the Week: May Coffee
Written by Al Martin Sunday, 04 April 2010 23:05
(4-4-10) Our favorite short on the boards has been the May Coffee contract, which rallied late week on the general rise in short-covering activity in the softs and trops. However with record coffee production coming and record coffee inventories on hand, we still look at this as our favorite shorting contract.
The April Gold contract, also rallied in Thursday’s trade, back into that 1126-1136 “shortable zone.” We do indeed think it is a short at current levels. We expect the Gold is going to back off $10 in Monday’s trade.
Bullish Shills Help Coffee Rally Despite Record Supplies Coming
Written by Al Martin Monday, 29 March 2010 00:17
(3-28-10) The June Long Bond contract was pounded late week on a series of marginal Treasury auctions. However we began to see the contract lift off the 114.29 lows in Friday overnight session. Indeed we bought the contract at 115.00 in Thursday’s overnight session and selling in late Thursday trade at 115.16. With the supply, both governmental and corporate, now largely out of the way, we expect the bonds will recover.
Read more: Bullish Shills Help Coffee Rally Despite Record Supplies Coming
Treasury Bonds Waver, But Buying Opportunities Persist
Written by Al Martin Sunday, 21 March 2010 23:37
(3-21-10) We continue to be a buyer on dips of the June US Treasury Bond contract, which rallied a quarter-point in Friday’s trade. Indeed we bought the contract at 117.21 in overnight Thursday trade, taking a quarter point out on the close Friday. We still believe US Treasury Bonds are a buy-on-dip trade.
Read more: Treasury Bonds Waver, But Buying Opportunities Persist
Making a Profit on Short Covering Rallies
Written by Al Martin Sunday, 14 March 2010 21:49
(3-14-10) We saw the June Long Bond contract consistently trade down to the 116.00 area in Thursday trade, representing fresh buying opportunities in that the 30-year Treasury Bond auction having gone better than expected, forcing buy-in of shorted futures, leading to a late rally Thursday, which carried into the Friday session.
The June Long Bond contracts we had bought at 116.00 -- we sold at 117.00 in Friday’s trade, taking down a tasty $1000 profit per contract traded.
With no fresh supply coming, we think the Treasury Bonds are
cheap at current levels and would continue to look to buy the contract back to
the 116.16 area.
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