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

 

Subscribers Report as Much a $40 Profit in Our Short Dec. Gold Recommendation

Written by Al Martin Sunday, 03 November 2013 23:01

(11-3-13) We had warned of overvaluation in the Dec. Gold contract in our last week’s missive. We were short sellers of the contract on our standing order at 1355, which we covered on the close Friday on our standing cover order at 1315 Good breaks in the Silver -- we had also warned of overvaluation in the Silver above 23.00. We were short the Silver from 22.85 midweek and were able to take a dollar out of the contract by the close Friday. We would expect that Gold is coming back down for a test of 1300 in the coming week’s trade.

Read more: Subscribers Report as Much a $40 Profit in Our Short Dec. Gold Recommendation

 

Bonds Join the Ranks of the Overbought

Written by Al Martin Monday, 28 October 2013 02:44

 (10-27-13)  We are now trading the Dec. Long Bond contract on the short side on rallies up to 135.12 or better, covering on ¼ - ½ point dips. We think the Bonds are overbought at current levels and should be shorted on rallies above 135.12

Read more: Bonds Join the Ranks of the Overbought

 

Relief Rally Now Over

Written by Al Martin Sunday, 20 October 2013 21:25

 (10-20-13) We were trading the Dec. Long Bond contract from the long side, when our standing orders in early Thursday trade at 132.04, were hit. We were sellers on our standing orders at 134.04 in Friday’s trade. We think the Bonds have gone as much as they can go in this near-term relief rally. We would now be looking to sell the Bonds on any further move higher in Sunday night's trade.

Read more: Relief Rally Now Over

 

Equities Rally, Bonds Back Off in Anticipation that Peaches ‘N’ Cream Trucks Will Arrive Before the Deadline

Written by Al Martin Sunday, 13 October 2013 21:50

(10-13-13) We saw sharp spikes in the spoos in Thursday and Friday’s trade, which we refused to trade on the long side. We are short the spoos again from the close at 1699.50 in Friday’s session. If nothing concrete is done over this weekend, spoos will move lower on Monday.

Bonds – also under pressure Friday for the same reasoning. However Bonds too will rally in Monday’s session if the Senate is unable to produce any concrete results.

The Dec. Dollar Index continues to hold the 80.00 level. We are now beginning to see rallies in the Euros turned back. We continue to short the Euros and did so in Thursday’s session on our standing order at 1.3575 and were able to take 40 ticks out of the trade in Friday’s session. We continue to look to short both the Euros and the Pounds on rallies.

Dec. Gold saw continuing liquidation in late week action based on the concept that the Peaches ‘n’ Cream trucks were coming in Washington. We were short the Gold off our 1299 stop in Friday’s action. Gold broke the 1282 support area and traded down to the 1265 area. We expect that if nothing concrete is arrived at over the weekend that the Gold will rally back to test the 1292 area.

Read more: Equities Rally, Bonds Back Off in Anticipation that Peaches ‘N’ Cream Trucks Will Arrive Before the Deadline

 

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