Relief Rally Now Over

Written by Al Martin Sunday, 20 October 2013 21:25

 (10-20-13) We were trading the Dec. Long Bond contract from the long side, when our standing orders in early Thursday trade at 132.04, were hit. We were sellers on our standing orders at 134.04 in Friday’s trade. We think the Bonds have gone as much as they can go in this near-term relief rally. We would now be looking to sell the Bonds on any further move higher in Sunday night's trade.

Read more: Relief Rally Now Over

 

Equities Rally, Bonds Back Off in Anticipation that Peaches ‘N’ Cream Trucks Will Arrive Before the Deadline

Written by Al Martin Sunday, 13 October 2013 21:50

(10-13-13) We saw sharp spikes in the spoos in Thursday and Friday’s trade, which we refused to trade on the long side. We are short the spoos again from the close at 1699.50 in Friday’s session. If nothing concrete is done over this weekend, spoos will move lower on Monday.

Bonds – also under pressure Friday for the same reasoning. However Bonds too will rally in Monday’s session if the Senate is unable to produce any concrete results.

The Dec. Dollar Index continues to hold the 80.00 level. We are now beginning to see rallies in the Euros turned back. We continue to short the Euros and did so in Thursday’s session on our standing order at 1.3575 and were able to take 40 ticks out of the trade in Friday’s session. We continue to look to short both the Euros and the Pounds on rallies.

Dec. Gold saw continuing liquidation in late week action based on the concept that the Peaches ‘n’ Cream trucks were coming in Washington. We were short the Gold off our 1299 stop in Friday’s action. Gold broke the 1282 support area and traded down to the 1265 area. We expect that if nothing concrete is arrived at over the weekend that the Gold will rally back to test the 1292 area.

Read more: Equities Rally, Bonds Back Off in Anticipation that Peaches ‘N’ Cream Trucks Will Arrive Before the Deadline

 

Washington Uncertainties Create New Opportunities

Written by Al Martin Sunday, 06 October 2013 22:57

(10-6-13) Last week in the December Long Bond contract we were twice filled on our standing orders, selling eight Bonds at 133.24, covering at 133.00, now the fifth time we have been filled on that standing contingent order. However we believe as the October 17 drop date grows closer the Bonds will eventually come under pressure. Bonds, we think, remain a sell on rallies.

Read more: Washington Uncertainties Create New Opportunities

 

First Week of New Quarter Presents Fresh Opportunities

Written by Al Martin Sunday, 29 September 2013 22:49

(9-29-13) We continue to trade the Dec. Long Bonds from the long side on dips. Although the contract is now being turned back at the 133.20 area, with our expectation that the S&Ps will move lower in Monday’s trade, we would expect the Dec. Long Bond contract to once again mount a rally effort to 133.20,

 We are currently short the Dec. spoos at 1692. We’re looking for a test of the 1675 area after which we would expect a modest bounce.

Read more: First Week of New Quarter Presents Fresh Opportunities

 

Fed Sugar-High to Continue to Taper

Written by Al Martin Sunday, 22 September 2013 21:41

 (9-22-13) We were buyers once again in Thursday’s session of the Dec. Long Bond contract on our standing order at 131.02.We were able to sell the contracts on the close Friday at 131.20. We continue to believe that Bonds to be a buy on dips, with the Fed action of no “taper” for now, continuing to be supportive of Treasury Long Bonds.

Read more: Fed Sugar-High to Continue to Taper

 

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