The June Swoon: Will It Happen?
Written by Al Martin Sunday, 09 June 2013 20:52
(6-9-13) We are now trading the June Spoos from the short side, having them shorted in both Thursday and Friday’s rallies. We're looking for a back-off down to the 1580 support level by the end of June.
Getting Ready for the June Swoon
Written by Al Martin Monday, 03 June 2013 00:11
(6-2-13) The June Long Bonds continue to be a buy on dip trade. We were buyers of the Bonds in late week session down to the 140.11 area. We had sold the last of our long positions on the close Friday at 141.11. We are now looking to buy on dips below 140.16
“Sell in May and Go Away?” Not Just Yet…
Written by Al Martin Sunday, 26 May 2013 23:07
(5-26-13) Once again we saw the June Long Bonds under pressure in Thursday and Friday trade. We were consistent buyers of the Bonds in the 142.24/ 30 area, selling on half point rallies. Although the Bonds have been under pressure of late, we continue to trade them from the long side on dips. They are however making lower lows, but we still refuse to trade them on the short side, as that would be “Fighting the Fed."
Fed-Heads Admit Market Overvaluation
Written by Al Martin Monday, 20 May 2013 01:34
(5-19-13) In Friday’s action we saw the Long Bonds fall back once again. We were buyers on the close at 143.28. We would expect the Bonds to move higher by mid week in a repeat of last week’s action.
Late Week Action Presents Fresh Trading Opportunities in Long Bonds
Written by Al Martin Monday, 13 May 2013 02:14
(5-12-13) The June Long Bond contract fell more than 1-1/2
points in Friday’s session as unusual selling pressure in the so-called NOB
spread (the spread between the 10 and 30 year US Treasuries) created by the
sharply falling Yen pressured the 30 year Long Bond. This is simply a technical
trade that is creating the pressure. We bought the Bonds at 144.28 on our
standing order in Friday’s session. We think when the Yen corrects in the coming
week’s trade, the Long Bonds will trade back to 146.16.
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