Continue To Short Rallies in the Spoos as Contagion Effect Looms
Written by Al Martin Sunday, 26 January 2014 21:35
(1-26-14) We put out an emergency selling recommendation Thursday night, when our standing sell orders in the March Spoos were filled at 1825. We covered M. O. C. Friday and were filled at 1782, Spoos having now broken 50-day moving average. Next stop down – 1760 to test the 100-day moving average
We would be looking to sell any rallies in the Spoos Friday. Shorts have not covered yet and we have seen there’s no end of short covering in Spoos, but any short covering in the Spoos to take them back for a test of 1800 should be shorted.
Continue To Trade from the Short Side on Rallies
Written by Al Martin Sunday, 19 January 2014 23:28
(1-19-14) Despite continuing strength in the March Long Bonds, we are still trading the Bonds on the short side on lifts, covering on 8-10 point dips as we did throughout the week. We are suspicious of this move up in the Bonds and believe it to be only a temporary phenomenon with the sobering reality of tapering to come at the end of this month.
Friday’s Poor Unemployment Numbers Create Fresh Opportunities
Written by Al Martin Monday, 13 January 2014 01:05
(1-12-14) We had
suggested in our last week’s missive that the March Long Bond contract should
be traded on the long side. We see the contract acted well all of last week and
was consistently a buy on dips below 129. We were long the contract going into
the Friday numbers. We did not believe the Wednesday ADP hype about a 250,000 payroll
number. We saw the reaction in the Bonds. We now believe however that Bonds
above 130.20 are overbought and would be looking to short the contract on any
further move higher, as we don’t feel that a new move under 4.90% in the
10-year Bond is in the cards.
Continue to Short Rallies Across the Board
Written by Al Martin Sunday, 05 January 2014 23:21
(1-5-14) We have seen thus far in January short sellers
coming in against the typical first five days in the month buying, something
the shills of course push every month. In January, however, this is a real phenomenon.
We are continuing to sell the spoos on rallies up at 1236 or better, covering
on 10 handle pullbacks. We continue to look to sell the spoos on rallies.
Watch for Fresh Shorting Opportunities Midweek
Written by Al Martin Monday, 30 December 2013 01:46
(12-29-13) We would expect end of quarter portfolio
window-dressing buying in both the coming Monday or Tuesday session with likely
spoos reaching fresh highs by Tuesday close. However be wary of so-called first
five day of the month buying. That’s when shorting opportunities in the spoos
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