Fast-Moving Geo-Political Events Continue to Drive Markets
Written by Al Martin Monday, 23 February 2015 00:04
(2-22-15) The continuing uncertainty in the Greek and Russo-Ukrainian situation continue to create volatility but within defined ranges across all commodity futures. We continue to trade the March Long Bonds from the long side, now having a standing buy order at 143.30 which we were filled 4 times in last week’s trade. Each time we were able to take 1 point out of the trade. We have been consistently shorting the Bonds on moves up to 145.04 or better, taking 1 point on the ensuing dips. We continue to like this range in that Bonds continue to be cheap at current levels.
The Gold, as we had promised in last week’s missive, fell back in the previous week’s trade. Gold – consistently being a short at 1220 or better, covering on the dips back to 1205. We continue to like the idea of getting long the Gold on moves above 1205, getting short the Gold on moves back to 1220.
Oil continued to fall back in line with our previous week’s
prediction, the expiring March contract having fallen below $49 in Thursday’s
trade We traded the March contracts right to the last day Friday, covering our
final position on the close at 50.34. We now will be looking to short the April
Oil on moves back to 51.50 or better, as we think the rally above $50 is now
coming to an end in the Oil.
European/ Greek Turmoil Creates This Week’s Opportunities
Written by Al Martin Sunday, 15 February 2015 23:19
(2-15-15) We continue to trade the March Long Bonds from the long side. We again bought the Bonds at 145.20 on the close Friday. We continue to make the trade from 145.16 up to 146.16 as the Bonds remain range-bound in the greater 145.00 – 147.00 range. We continue to think the Bonds are cheap relative to news flows.
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.
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