Increased Geopolitical Strife Combined with Weaker Chinese Data To Create Upcoming Opportunities
Written by Al Martin Sunday, 02 March 2014 22:58
(3-2-14) We saw the June Long Bond continue to move higher in late Friday trade, as fear bid money came in, based on increased political tensions in Ukraine. This combined with poor Chinese manufacturing data released over the weekend makes it likely that the Bonds will continue to climb in Monday’s session. We think the weakness in the Dollar we saw Friday will be reversed in Monday’s session, as we believe the fear bid will also come in to the Dollar. Once again we were shorting the Euros above 137, covering on 30-40 bps dips. We think the Euros will move lower in Monday’s session.
Professional Short Interest in Spoos Builds to Record Levels, as Interest in US Treasuries Continues to Increase
Written by Al Martin Sunday, 23 February 2014 22:11
(2-23-14) Once again we were filled on our standing short orders in the March Spoos at 1840. We have been consistently selling the Spoos in the last 10 sessions in the 1840-42 range, covering on 10-20 handle dips. We have noticed there are nothing but sellers in the Spoos above 1840 and we think the Spoos should be shorted there for rides down to retest the 1820 area.
Interest in the March Long Bond contract also picks up, with
long interest now exceeding short interest for the first time in 12 months. We
continue to buy the March Bonds on dips down to the 132.16 area, selling on
lifts back to 133.08. That trade has proved consistently good, as demand for
long-dated US Treasuries continues to build.
The Free Ride in Gold Is Now Over. What Next?
Written by Al Martin Sunday, 16 February 2014 23:42
(2-16-14) Our 1300.10 buy stops were hit Thursday night in the Gold. We maintained our sell orders at 1319.30 which were filled in Friday’s session as the Gold kept the free ride up for a test of 1320, something the Gold has done every time it has come back above 1300. We would look to be selling the Gold on moves up to the 1322 area.
Bogus Friday Rally Sets Up for Monday's Profit
Written by Al Martin Sunday, 09 February 2014 21:47
(2-9-14) We saw the Spoos mount a bogus rally on bearish
unemployment numbers in Friday’s session, setting us up for a pullback early
week, as Monday morning quarterbacking will begin in the Sunday overnight session.
We are now coming into the new week short the March Spoos at 92.50 and would be
looking to cover on a pullback to 80.00. We are also coming in long the March
Bonds at 133.01 and have a standing sell order at 133.13. We would also expect
the Gold and Silver to back off again early week.
US Treasuries Continue to Gain, As Global Economy Quakes
Written by Al Martin Sunday, 02 February 2014 23:22
(2-3-14) We continue to trade the March Long Bond contract on the long side, a continuation of our previous week’s recommendation. We see the Bonds traded up to test 134 in both Thursday overnight and Friday day session trade. We were long the Bonds once again from 133.02 from Thursday’s session and were able to sell them on our standing order at 133.30 in Friday’s day session trade, Bonds going out near their highs in anticipation of weaker Chinese data coming on Saturday, which in fact did come and was weaker than expected. We would expect the Bonds to move higher in Sunday night trade.
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