Uncertainty To Continue Throughout This Week’s Trading
Written by Al Martin Sunday, 08 February 2015 23:00
(2-8-15) As we suspected, no deal was worked out over the
weekend between Merkel, Hollande and Uncle Vlad. Supposedly a summit is coming
in Minsk on
Wednesday. Even that is uncertain. It is likely therefore that the
Russo-Ukrainian situation will represent a continuing uncertainty for the
markets throughout the week.
Late Week Short Covering Action Creates Next Week’s Opportunities
Written by Al Martin Sunday, 01 February 2015 23:06
(2-1-15) Trade of the Week Recmmendation: selling Gold at 1286, covering at 1266
The March Long Bond contract finally lifted above the 151.10 area where it had been consistently turned back all week. Our 151.11 buy stop selling at 151.25 was done in Friday’s session. We think the Long Bond has still further to go in the coming week’s trade and should now be bought on any retest of the 151.14 area.
Increasing Volatility Helps US Treasury Long Bond & Gold
Written by Al Martin Sunday, 25 January 2015 23:28
(1-25-15) We continue to trade the March Long Bond contract from the long side. We were consistently buying throughout the week on our standing orders at 148.16, selling on moves up to 150.00. We were able to get that trade off 3 times during the week. We like buying the Long Bonds on dips. Long Bonds certainly will react positively over the weekend with a communist victory at the polls in Greece.
Market Volatility To Increase Pending ECB Decision/ Greek Election
Written by Al Martin Sunday, 18 January 2015 22:53
(1-18-15) Later this week we will have the Greek election followed by Mario Draghi’s unveiling of a new QE program for Europe. Much anticipation, likely disappointment to come. Continue to trade the March Long Bond from the long side on dips as we continue to do. We are currently long the Bonds from 149.08 and would expect a move back to retest the 151 highs in the coming week’s trade
Continue to short the Feb. Oil on moves up to 49.00 or better, covering on $2 dips. Recent rally in the Oil now over. We were expecting now lower lows to be achieved by the end of this week.
Gold continues to be in La-La Land. No justification whatsoever for move up in Gold – other than tangential fear bid. We think the Gold is shortable at 1280 or better.
Bounce in Spoos Creates Trades Across the Board
Written by Al Martin Sunday, 11 January 2015 23:39
(1-11-15) Last week we finally saw a bounce after 5 losing sessions in the Spoos. We were buyers of the Spoos finally at 1990 after having covered our shorts on the move under 2000. We rode our longs up all the way back to the 2040. We think that the Spoos now are overbought once again and are sellable at current levels. The bounce in the Spoos also created downward pressure on the March Long Bond contract. Our standing orders at 146.08 were hit midweek, allowing us to take nearly 2 whole points out of the contract by Friday’s session, as the Bonds began to come back in that the factors propelling the Bonds now make them more immune to declines in the Spoos.
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