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.

Read more: Friday’s Poor Unemployment Numbers Create Fresh Opportunities

 

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.

Read more: Continue to Short Rallies Across the Board

 

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 will occur.

Read more: Watch for Fresh Shorting Opportunities Midweek

 

Fed Taper Action Creates New Opportunity in Long Bonds

Written by Al Martin Monday, 23 December 2013 00:10

 (12-22-13) We’re now trading the March Long Bonds from the long side after last week’s late week action, wherein we think the Bonds were washed out at the 129 area. We were buyers on our standing orders at 129.00 in Thursday’s session, selling them on our standing order at 130.00 on Friday’s close. Bonds were able to get into a higher high late week. We think the Bonds are now due for a bounce and should be traded on the long side with a possible re-tap up to the 131.16 area.

Read more: Fed Taper Action Creates New Opportunity in Long Bonds

 

Watch Out for Next Week’s Fed Taper Talk

Written by Al Martin Sunday, 15 December 2013 23:23

 (12-15-13) We are continuing to short the spoos on rallies and are now trading the March spoos wherein we were short at 1778, taking 10 handles out of the contract on a test of Friday’s lows. We are continuing to trade the spoos from the short side on rallies. However we are concerned about next week’s Fed meeting where we will learn if December or January will be the taper time. Any delay could prompt short covering action in the spoos.

Read more: Watch Out for Next Week’s Fed Taper Talk

 

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