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.
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.
“Taper Talk” vs. Better Numbers Creates Volatili
Written by Al Martin Sunday, 08 December 2013 23:35
(12-8-13) We’re continuing to trade the Dec. Long Bond
contracts until this coming Monday. In Friday’s session, Bonds represented an
excellent short-selling opportunity on the back of the better than expected
unemployment numbers. Bonds overall we think will now begin to act better.
Iranian Nuclear Accord Creates Trading Opportunity in Crude
Written by Al Martin Sunday, 24 November 2013 23:00
(11-24-13) We would expect the long-delayed Iranian nuclear
proliferation accord signed over the weekend with the United States
would exert downward pressure on the Crude in Sunday night trade. If Crude does
not immediately drop by 50 cents, it should be sold. We would expect the Crude
to come down to the 92.50 area as a result of this easing of Middle Eastern
Incoming Fed Chair Admits Equity, Debt & Commodity Markets Are Bubblicious
Written by Al Martin Sunday, 17 November 2013 22:55
undervaluation in the Dec. Long Bond Contract was corrected in last week’s
trade. You would recall that we bought the Bonds at 131.12. We were able to
ultimately sell them at 132.28 in our Thursday overnight standing order. We
noticed fresh selling coming into the Bonds above 132.24. We suspect that the
Bonds have had the QE3 extension rally for now. We’re looking to short the
Bonds above 132.24.
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