Liquidation Trade to Continue in 2 H

Written by Al Martin Sunday, 30 June 2013 22:41

(6-30-13) We had good end of quarter buying coming in to the Sep. Long Bond contract, as consensus opinion now swinging around to recognition of severely oversold condition in the Bonds. We have been consistently buying the Bonds in the 135.12 area, selling them on rallies up to 136. Although the Bonds are still being turned back at the 136.10 area, we expect that area to be exceeded and we expect a move above 136.12 would bring in a fresh round of buying.

Read more: Liquidation Trade to Continue in 2 H

 

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 to happen.

Read more: Look to Fade Rallies in the Coming Week's Trade

 

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."

Read more: Upcoming Fed Speak To Determine Market Directions

 

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.

Read more: The June Swoon: Will It Happen?

 

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

Read more: Getting Ready for the June Swoon

 

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