Same Old, Same Old
Written by Al Martin Monday, 13 October 2014 00:07
(10-12-14) We continue to trade the Dec. Long Bonds from the long side on dips. We were buyers consistently late week in the 140.24-28 area, selling on half-point rallies. Bond action – an early precursor of decline in the Spoos. We would expect the Spoos to establish a close under the 200-day moving average, possibly in Monday’s trade. We continue to trade the Spoos from the short side, although coming in long the Spoos Sunday night, looking for that 5-6 handles pickup trade. We nonetheless would be selling the Spoos on any rally again in the Monday day session.
The Nov. Oil contract – we continue to trade from the short side and have been consistently covering on tests down to the 84.25 area.
We would expect the Gold to move up above 1230 Sunday night
and our expectation the Spoos will open lower. However we think the Gold will
become a short at 1232 or better.
Long Bonds Continue To Move Higher as Spoos Mount a Second Challenge
Written by Al Martin Sunday, 05 October 2014 23:52
(10-5-14) We see Long Bonds move higher as above par 39 in
midweek’s trade in line with our previous week’s prediction. Bonds traded up to
140 in Friday’s session. We had been long the Bonds from 137.28. We were sellers
on our standing orders at 139.28. We got short the Bonds on the turn back
Thursday at 139.29 and covered them on our standing order in Friday’s trade at 139.05.
We think any retest down below 139 is now a buying opportunity.
Big Spoo Trade on Thursday Whilst We Continue To Trade Bonds from the Long Side
Written by Al Martin Sunday, 28 September 2014 22:56
(9-28-14) The recommendation we had put out Wednesday to
have a standing contingent order selling the Dec. Spoos at 90.50, covering at
60.50 was done in Thursday’s session, allowing us to take 30 handles out of the
same trade. We are now short the Spoos after Friday’s rally again at 78.25. We
are also carrying a lot of Dec. Long Bonds from 137.16 and looking to sell them
back on a move to 138.00.
We Told You the Bonds Aren’t Dead Yet
Written by Al Martin Sunday, 21 September 2014 22:05
(9-21-14) We continue to trade the Dec. Bonds from the long side. We were consistent buyers of the Bond on dips down to the 135.18-28 area throughout the week, taking quarter or half of a point scalps. Our final trade, buying at the 135.18 in Thursday’s trade, and selling at 136.18, filled in Friday’s action. We will continue to trade the Bonds from the long side. Despite what Bond Bears say, the bond yields are moving higher.
We Had Been Warning You of Lower Prices in the Euros
Written by Al Martin Sunday, 07 September 2014 21:52
(9-7-14) We had come into Thursday morning Draghi-speak
short the Sep. Euros at 1.3130 from our overnight positions. We were able to
take 150 out of the trade on our standing cover order at 1.2980 after Mario
Draghi surprised markets with a bolder move on QE and sharper rate reductions
making a statement that the ECB is now prepared to "go all in." We are looking
to short the Euros again on any move back to 1.3030 or better.
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