Look to Fade Rallies in the Coming Week's Trade
Written by Al Martin Sunday, 23 June 2013 21:54
(6-23-13) The Sep. Long Bond contract got hammered again in
Friday's session. We had been hanging on to our shorts from 138.27, which we
finally covered in Friday’s close. For the first time in a week, we are finally
long the Sep. contract from 134.26. Bonds are now nearly oversold, having
experienced their largest weekly drop in history. We think this is a kneejerk
reaction to Bernanke's Wednesday speech and that the Bonds are a rally waiting
Upcoming Fed Speak To Determine Market Directions
Written by Al Martin Monday, 17 June 2013 02:23
(6-16-13) We continue to trade the Sep. Long Bonds from the long side. We were buyers once again in Friday’s trade on our standing orders at 139.20. Again we were able to take a half point out of the contract on the long side before the close. We think that the upcoming Bernanke Speak this week will be supportive of Bonds and that Bernanke will try to tone down any talk of “taper."
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."
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