Fed-Heads Admit Market Overvaluation
Written by Al Martin Monday, 20 May 2013 01:34
(5-19-13) In Friday’s action we saw the Long Bonds fall back once again. We were buyers on the close at 143.28. We would expect the Bonds to move higher by mid week in a repeat of last week’s action.
Late Week Action Presents Fresh Trading Opportunities in Long Bonds
Written by Al Martin Monday, 13 May 2013 02:14
(5-12-13) The June Long Bond contract fell more than 1-1/2
points in Friday’s session as unusual selling pressure in the so-called NOB
spread (the spread between the 10 and 30 year US Treasuries) created by the
sharply falling Yen pressured the 30 year Long Bond. This is simply a technical
trade that is creating the pressure. We bought the Bonds at 144.28 on our
standing order in Friday’s session. We think when the Yen corrects in the coming
week’s trade, the Long Bonds will trade back to 146.16.
Drop in US Treasury Bonds Creates Buying Opportunities
Written by Al Martin Sunday, 05 May 2013 22:34
(5-5-13) The dramatic declines we saw in the June US
Treasury Long Bond contract on Friday represent a near-term buying opportunity.
We bought the Bonds late at 146.31. We would be looking to take a half a point
out of the contract on a bounce back in Sunday night’s trade. We think that the
selling on Treasury Bonds was overdone, as was the buying in the SPX, since the
unemployment numbers were not that far away from original expectation. We were
also short the June S&P contract from 1612.
US Treasury Long Bonds Continue to Pick Up Steam, As Gold Re-Approaches Turn-Back Point
Written by Al Martin Monday, 29 April 2013 03:32
(4-28-13) We have been trading the June Gold on the long side throughout last week. However we have now had a solid 4% bounce off of recent lows. With the Gold having tested resistance at the 1482 area and has been turned back twice there, we think the Gold now is running out of steam and should be sold.
Trading Opportunities Abound as Economic Fundamentals Continue To Weaken
Written by Al Martin Sunday, 21 April 2013 21:17
(4-21-13) We saw the June Long Bond contract once again turn
back at the 148.20 level in both Thursday and Friday session. This has been due
to so-called “last hurrah” shorting by those already short the market, in that anything
higher than 148.20 would flush shorts out. We suspect that the June Long Bond
contract will move above 148.20 in the coming week’s trade and will test the
149.12 area by week’s end with the help of short covering.
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