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

 

“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.

Read more: “Taper Talk” vs. Better Numbers Creates Volatili

 

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 tensions.

Read more: Iranian Nuclear Accord Creates Trading Opportunity in Crude

 

Incoming Fed Chair Admits Equity, Debt & Commodity Markets Are Bubblicious

Written by Al Martin Sunday, 17 November 2013 22:55

(11-17-13)  Earlier 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.

Read more: Incoming Fed Chair Admits Equity, Debt & Commodity Markets Are Bubblicious

 

Friday's Action Overdone Creates Opportunities for Sunday Night Trade

Written by Al Martin Monday, 11 November 2013 01:22

 (11-10-13) We think the hit in the US Treasuries was overdone in Friday’s action. We were stopped IN (professional traders are stopped in; it’s only the Unwashed that are stopped out) at 132.17 off of our 132.19 stop. We covered on the close at 131.24. Our next orders down, to get long the Bonds at 131.20, also hit. We are currently long the Bonds from that level. We would expect the Bonds to drift up a half a point in Sunday-Monday trade.

Read more: Friday's Action Overdone Creates Opportunities for Sunday Night Trade

 

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