 The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 09 September 2010
Financials: Dec. Bonds are currently 20 lower at 13118. This mornings weekly Jobless Claims Report showed a decline in weekly claims of 27,000 versus expectations of a decline of 2,000. Trade Deficit was $42.788 billion versus a pre-report estimate of $47 billion. The reaction was an immediate break to the 13108 level before rallying back to the current level. Near term support is currently this mornings low of 13108 and resistance remains at 13312. Treat as a trading market between support and resistance. I am on the sidelines. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 09 September 2010
Financials: Dec. Bonds are currently 20 lower at 13118. This mornings weekly Jobless Claims Report showed a decline in weekly claims of 27,000 versus expectations of a decline of 2,000. Trade Deficit was $42.788 billion versus a pre-report estimate of $47 billion. The reaction was an immediate break to the 13108 level before rallying back to the current level. Near term support is currently this mornings low of 13108 and resistance remains at 13312. Treat as a trading market between support and resistance. I am on the sidelines. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 08 September 2010
Financials: Dec. Bonds are currently 10 lower at 13220. Near term support remains at 13118 and near term resistance at 13312 (last evenings high). Treat as a trading market between support and resistance.
Grains: Yesterday Beans closed 17 cents higher, Corn 1+ higher and Wheat 6 lower. Over night Beans were unchanged, Corn fractionally lower and Wheat 3 lower. If you remain long Dec. Corn either take profits or continue to use a protective sell stop at 4510. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 08 September 2010
Financials: Dec. Bonds are currently 10 lower at 13220. Near term support remains at 13118 and near term resistance at 13312 (last evenings high). Treat as a trading market between support and resistance.
Grains: Yesterday Beans closed 17 cents higher, Corn 1+ higher and Wheat 6 lower. Over night Beans were unchanged, Corn fractionally lower and Wheat 3 lower. If you remain long Dec. Corn either take profits or continue to use a protective sell stop at 4510. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 07 September 2010
Financials: Dec. Bonds are currently 28 higher at 13211. The long Dec. 10 Yr. Note/ short Dec. Bond spread is currently at 726, up from last Fridays 629 early in the session after the Employment Report. We have liquidated this spread pretty much at the price the trade was originally put on depending on when you initiated the position after sitting with a loss for a few weeks. Near term support is currently 13118 and near term resistance 13312. Treat as a trading market between support and resistance. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 07 September 2010
Financials: Dec. Bonds are currently 28 higher at 13211. The long Dec. 10 Yr. Note/ short Dec. Bond spread is currently at 726, up from last Fridays 629 early in the session after the Employment Report. We have liquidated this spread pretty much at the price the trade was originally put on depending on when you initiated the position after sitting with a loss for a few weeks. Near term support is currently 13118 and near term resistance 13312. Treat as a trading market between support and resistance. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 03 September 2010
Financials: Sept. Bonds are currently 129 lower at 13020. This mornings Employment Report showed a decline in non-farm payrolls of 54K versus expectations of a decline of 120K. The market movement speaks for itself, the report was favorable for the economy and negative to Bonds. The long 10 Yr. Note/ short Bond spread is now at 629 premium the Bonds. I recommend liquidating this spread position and standing aside until next week. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 03 September 2010
Financials: Sept. Bonds are currently 129 lower at 13020. This mornings Employment Report showed a decline in non-farm payrolls of 54K versus expectations of a decline of 120K. The market movement speaks for itself, the report was favorable for the economy and negative to Bonds. The long 10 Yr. Note/ short Bond spread is now at 629 premium the Bonds. I recommend liquidating this spread position and standing aside until next week. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 02 September 2010
Financials: Dec. Bonds are currently 11 lower at 13227. The long 10 Yr. Note/ short Bond spread is currently at 806 premium the Bonds on the Dec. contract. A liitle history on this trade: We are currently losing about $1000 since we originally put this spread on a few weeks ago in Sept. contract and then rolling it into Dec. This mornings weekly report on Initial Unemployment Claims showed a decline of 7,000 versus a pre-report estimate of down 3,000. This is not exactly good news for the economy but better than expected. Near term support for Dec. Bonds is currently 13208 and resistance 13406. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 02 September 2010
Financials: Dec. Bonds are currently 11 lower at 13227. The long 10 Yr. Note/ short Bond spread is currently at 806 premium the Bonds on the Dec. contract. A liitle history on this trade: We are currently losing about $1000 since we originally put this spread on a few weeks ago in Sept. contract and then rolling it into Dec. This mornings weekly report on Initial Unemployment Claims showed a decline of 7,000 versus a pre-report estimate of down 3,000. This is not exactly good news for the economy but better than expected. Near term support for Dec. Bonds is currently 13208 and resistance 13406. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 01 September 2010
Financials: Dec. Bonds are currently 102 lower at 13331. Some constructive Global economic news out of China and Australia have rallied equities and consequently set the Bonds back this morning. The long 10 Yr. Note/ short Bond spread has narrowed some 20 points this morning putting the spread at 825 premium the Bonds. Tomorrow will be the weekly Unemployment Report and Friday the monthly Jobs Report. The ADP Private Sector Jobs Report was -10k well below the expected +17K, ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 01 September 2010
Financials: Dec. Bonds are currently 102 lower at 13331. Some constructive Global economic news out of China and Australia have rallied equities and consequently set the Bonds back this morning. The long 10 Yr. Note/ short Bond spread has narrowed some 20 points this morning putting the spread at 825 premium the Bonds. Tomorrow will be the weekly Unemployment Report and Friday the monthly Jobs Report. The ADP Private Sector Jobs Report was -10k well below the expected +17K, ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 31 August 2010
Financials: Dec. Bonds are currently 20 higher at 13423. The long 10 Yr. Note/ short Bond spread is currently at 902 premium the Bonds. This puts the current loss on the spread from the initial trade in the Sept. contract at about $2500. At this point I will be glad to limit the losses and give it another day or so to see if the Bonds retreat. The Bonds and the spread have now gained back everything they lost last Friday, forming a possible double top. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 31 August 2010
Financials: Dec. Bonds are currently 20 higher at 13423. The long 10 Yr. Note/ short Bond spread is currently at 902 premium the Bonds. This puts the current loss on the spread from the initial trade in the Sept. contract at about $2500. At this point I will be glad to limit the losses and give it another day or so to see if the Bonds retreat. The Bonds and the spread have now gained back everything they lost last Friday, forming a possible double top. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 30 August 2010
Financials: Sept. Bonds are currently 25 higher at 13415. The long 10 Yr. Note/ short Bond spread is currently at 826. losing 10 points for the day. On Friday Bonds were were more than 200 points lower and the 10 Yr. Note/ Bond spread came in by more than a full point. Today I recommend rolling the spread into the Dec. contracts as the Dec. will be considered lead contract staring tomorrow and Sept. will be deliverable. This morning U.S. Personal Income came it at +0.2% as compared with with an estimate of + 0.3%.Consumer spending was up 0.4%, in line with expectations. Near term support for Dec. Bonds is currently 13126 and near term resistance 13416. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 30 August 2010
Financials: Sept. Bonds are currently 25 higher at 13415. The long 10 Yr. Note/ short Bond spread is currently at 826. losing 10 points for the day. On Friday Bonds were were more than 200 points lower and the 10 Yr. Note/ Bond spread came in by more than a full point. Today I recommend rolling the spread into the Dec. contracts as the Dec. will be considered lead contract staring tomorrow and Sept. will be deliverable. This morning U.S. Personal Income came it at +0.2% as compared with with an estimate of + 0.3%.Consumer spending was up 0.4%, in line with expectations. Near term support for Dec. Bonds is currently 13126 and near term resistance 13416. ... mehr The Nemenoff Report - Bonds higher, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 27 August 2010
Financials: Sept. Bonds are currently 5 higher at 13511. This mornings Jobless Claims Report showed a decline of 37,000 versus expectations of a decline of 10,000. Yesterday the market climbed to an interday high of 13631 on por housing and durable goods numbers before turning around a closing slightly lower. The long 10 Yr. Note/ short Bond spread is currently unchanged for the day at 909 premium the Bonds. I am staying with the position for the moment with the intention of rolling the position into the Dec. contract by Monday as the Dec. will become the lead contract. ... mehr The Nemenoff Report - Bonds higher, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 27 August 2010
Financials: Sept. Bonds are currently 5 higher at 13511. This mornings Jobless Claims Report showed a decline of 37,000 versus expectations of a decline of 10,000. Yesterday the market climbed to an interday high of 13631 on por housing and durable goods numbers before turning around a closing slightly lower. The long 10 Yr. Note/ short Bond spread is currently unchanged for the day at 909 premium the Bonds. I am staying with the position for the moment with the intention of rolling the position into the Dec. contract by Monday as the Dec. will become the lead contract. Near term support is currently 13412 and near term resistance yesterdays high of 13631. ... mehr The Nemenoff Report - Bonds higher, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 26 August 2010
Financials: Sept. Bonds are currently 5 higher at 13511. This mornings Jobless Claims Report showed a decline of 37,000 versus expectations of a decline of 10,000. Yesterday the market climbed to an interday high of 13631 on por housing and durable goods numbers before turning around a closing slightly lower. The long 10 Yr. Note/ short Bond spread is currently unchanged for the day at 909 premium the Bonds. I am staying with the position for the moment with the intention of rolling the position into the Dec. contract by Monday as the Dec. will become the lead contract. Near term support is currently 13412 and near term resistance yesterdays high of 13631. ... mehr The Nemenoff Report - Bonds higher, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 26 August 2010
Financials: Sept. Bonds are currently 5 higher at 13511. This mornings Jobless Claims Report showed a decline of 37,000 versus expectations of a decline of 10,000. Yesterday the market climbed to an interday high of 13631 on por housing and durable goods numbers before turning around a closing slightly lower. The long 10 Yr. Note/ short Bond spread is currently unchanged for the day at 909 premium the Bonds. I am staying with the position for the moment with the intention of rolling the position into the Dec. contract by Monday as the Dec. will become the lead contract. Near term support is currently 13412 and near term resistance yesterdays high of 13631. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 25 August 2010
Financials: Sept. Bonds are currently 23 higher at 13615. The long 10 Yr. Note/ short Bond spread is now at 924 premium the Bonds. To say that I am currently on the wrong side of this market would be an understatement given the current losses. However, I feel that I will be right for the long term. Yesterday a disappointing Existing Home Sales report showed a decline of 27.2% which caused the market to rally to new recent highs. This mornings Durable Goods report came in at +0.3% versus expectations of 2.8%. Durable Goods ex-transportation was down by 3.8%. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 25 August 2010
Financials: Sept. Bonds are currently 23 higher at 13615. The long 10 Yr. Note/ short Bond spread is now at 924 premium the Bonds. To say that I am currently on the wrong side of this market would be an understatement given the current losses. However, I feel that I will be right for the long term. Yesterday a disappointing Existing Home Sales report showed a decline of 27.2% which caused the market to rally to new recent highs. This mornings Durable Goods report came in at +0.3% versus expectations of 2.8%. Durable Goods ex-transportation was down by 3.8%. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 23 August 2010
Financials: Sept. Bonds are currently 9 lower at 13323. The long 10 Yr. Notes/ short Bond spread is currently at 811 premium the Bonds (narrowing by 4 points). My objective for this spread still remains in the 615 area. Near term support is currently the 13200 area and near term resistance just above 13500. I still remain negative this market as long as the yield on the 30 Yr. Bond remains under 4%.
Grains: On Friday Nov. Beans closed 8 cents lower, Dec. Corn 7 cents higher and Dec. Wheat 2 lower. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 23 August 2010
Financials: Sept. Bonds are currently 9 lower at 13323. The long 10 Yr. Notes/ short Bond spread is currently at 811 premium the Bonds (narrowing by 4 points). My objective for this spread still remains in the 615 area. Near term support is currently the 13200 area and near term resistance just above 13500. I still remain negative this market as long as the yield on the 30 Yr. Bond remains under 4%.
Grains: On Friday Nov. Beans closed 8 cents lower, Dec. Corn 7 cents higher and Dec. Wheat 2 lower. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 20 August 2010
Financials: Sept. Bonds are currently 4 higher at 13415. The long 10 Yr. Note/ short Bond spread is currently 4 higher at 817 putting the spread at an $1100 loss from where I initiated the spread. Technically the Bonds have made a test of the highs made the week of March 20th in the 13400 area and surpassed it slightly with an over night high of 13507. to be honest, I still feel that this market is overbought and feel that the market will retreat to the 13200 level, which will still put the yield on the 30 Yr. at under 4%. I feel that except for the Government using the 10 and 30 Yr. instruments to keep yields artificially low that there will be a lack of buyers. I would be interested in your comments and opinions on this market. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 20 August 2010
Financials: Sept. Bonds are currently 4 higher at 13415. The long 10 Yr. Note/ short Bond spread is currently 4 higher at 817 putting the spread at an $1100 loss from where I initiated the spread. Technically the Bonds have made a test of the highs made the week of March 20th in the 13400 area and surpassed it slightly with an over night high of 13507. to be honest, I still feel that this market is overbought and feel that the market will retreat to the 13200 level, which will still put the yield on the 30 Yr. at under 4%. I feel that except for the Government using the 10 and 30 Yr. instruments to keep yields artificially low that there will be a lack of buyers. I would be interested in your comments and opinions on this market. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 19 August 2010
Financials: Sept. Bonds are currently 2 lower at 13309. Weekly initial jobless claims rose 12,000 to 500,000, the highest level since last November. Pre-report average guesstimates were for a decline of 4,000. For the week of Aug. 7th continuing claims fell 13,000 to 4,478,000. The initial reaction in the Bonds was a rally to the 13320 level before breaking back to present levels. The long 10 Yr. Note/short Bond spread is currently up 5 points at 729. We continue to hold this spread, looking for the spread to decline to the 620 level. Near term support remains at 13212 and near term resistance 13401. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 19 August 2010
Financials: Sept. Bonds are currently 2 lower at 13309. Weekly initial jobless claims rose 12,000 to 500,000, the highest level since last November. Pre-report average guesstimates were for a decline of 4,000. For the week of Aug. 7th continuing claims fell 13,000 to 4,478,000. The initial reaction in the Bonds was a rally to the 13320 level before breaking back to present levels. The long 10 Yr. Note/short Bond spread is currently up 5 points at 729. We continue to hold this spread, looking for the spread to decline to the 620 level. Near term support remains at 13212 and near term resistance 13401. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 18 August 2010
Financials: Sept. Bonds are currently 28 higher at 13325. Slower than expected economic growth and a fear of deflation have pushed the market back to the weekly highs (a new recent high was made overnight at 13401). I still feel that this market is overbought and that deflation fears are overblown. The lnog 10 Yr. Note/ short Bond spread is currently at 725, about 12 points above where we initiated this trade. My objective remains in the 620 area for the spread. Near term support is currently the 13212 level and resistance the over night high of 13401. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 18 August 2010
Financials: Sept. Bonds are currently 28 higher at 13325. Slower than expected economic growth and a fear of deflation have pushed the market back to the weekly highs (a new recent high was made overnight at 13401). I still feel that this market is overbought and that deflation fears are overblown. The lnog 10 Yr. Note/ short Bond spread is currently at 725, about 12 points above where we initiated this trade. My objective remains in the 620 area for the spread. Near term support is currently the 13212 level and resistance the over night high of 13401. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 17 August 2010
Financials: Sept. Bonds are currently 7 lower at 13321. There were a number of govt. reports this morning: Building permits were down 3.1%. Housing starts were up 1.7% versus expectations of up 0.2%. Junes revised Housing Starts were down 8.7% versus the June number of 5.0% (not unexpected). PPI was up 0.2% right in line with expectations. PPI excluding food and energy was up 0.3% versus expectations of 0.1%. Not much in these numbers to move the Bond market. Equities have rallied slightly on these numbers. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 17 August 2010
Financials: Sept. Bonds are currently 7 lower at 13321. There were a number of govt. reports this morning: Building permits were down 3.1%. Housing starts were up 1.7% versus expectations of up 0.2%. Junes revised Housing Starts were down 8.7% versus the June number of 5.0% (not unexpected). PPI was up 0.2% right in line with expectations. PPI excluding food and energy was up 0.3% versus expectations of 0.1%. Not much in these numbers to move the Bond market. Equities have rallied slightly on these numbers. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 16 August 2010
Financials: Sept. Bonds are currently 101 higher at 13301. Slower quarterly growth in Japan has put upward pressure on Bonds in our markets. The long 10 Yr. Note/ short Bond spread is currently trading at 703 premium the Bonds. I must admit that this spread currently looks very attractive for a short term trade (1-5 days) and I am going to put this spread on at the market and look for a 15 point profit over the next day or so. If you went short the Bonds over the last couple of days, I would use a buy stop 10 points above the overnight high of 13310. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 16 August 2010
Financials: Sept. Bonds are currently 101 higher at 13301. Slower quarterly growth in Japan has put upward pressure on Bonds in our markets. The long 10 Yr. Note/ short Bond spread is currently trading at 703 premium the Bonds. I must admit that this spread currently looks very attractive for a short term trade (1-5 days) and I am going to put this spread on at the market and look for a 15 point profit over the next day or so. If you went short the Bonds over the last couple of days, I would use a buy stop 10 points above the overnight high of 13310. ... mehr The Nemenoff Report - Bonds Lower, S&P's higher, Silver Lower
Marc Nemenoff I PRICE Group - 13 August 2010
Financials: Sept. Bonds are currently 4 higher at 13111. This morning CPI came out up 0.3%, in line with expectations. Retail Sales were up 0.4%, also in line with expectations. As mentioned yesterday, the market is currently trading close enough to long term resistance of 13200 that I am willing to try the short side of the market for short term trading (1-5 days). Near term support is currently the 13000 level and resistance 13200.
Grains: Yesterday Nov. Beans closed 13 cents higher, Dec. Corn 10 higher and Dec. Wheat 18 higher. ... mehr The Nemenoff Report - Bonds Lower, S&P's higher, Silver Lower
Marc Nemenoff I PRICE Group - 13 August 2010
Financials: Sept. Bonds are currently 4 higher at 13111. This morning CPI came out up 0.3%, in line with expectations. Retail Sales were up 0.4%, also in line with expectations. As mentioned yesterday, the market is currently trading close enough to long term resistance of 13200 that I am willing to try the short side of the market for short term trading (1-5 days). Near term support is currently the 13000 level and resistance 13200.
Grains: Yesterday Nov. Beans closed 13 cents higher, Dec. Corn 10 higher and Dec. Wheat 18 higher. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 12 August 2010
Financials: Sept. Bonds are currently 4 higher at 13116. This mornings Weekly Unemployment Report showed claims up by 2,000, the market was expecting a decline. At current prices the market has just about reached long term resistance of 13200 and I am now willing to try the short side of the market for short term trades as we will be against the prevailing trend. The long 10 Yr. Note/ short Bond spread is running at 528 and I am also willing to give this try for a short term trade (1-5 days). ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 12 August 2010
Financials: Sept. Bonds are currently 4 higher at 13116. This mornings Weekly Unemployment Report showed claims up by 2,000, the market was expecting a decline. At current prices the market has just about reached long term resistance of 13200 and I am now willing to try the short side of the market for short term trades as we will be against the prevailing trend. The long 10 Yr. Note/ short Bond spread is running at 528 and I am also willing to give this try for a short term trade (1-5 days). ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 11 August 2010
Financials: Sept. Bonds are currently 30 higher at 13023. Yesterday the Fed left rates unchanged but indicated that they will be buyers of long term instruments (5 yr., 10 yr., etc.) in an effort to keep longer term rates low. The long 10 Yr. Note/ short 30 Yr. Bond spread is now trading at 506 premium the Bonds, the recent high on this spread being 515 premium the Bonds. Yields on the 2 Yr. Note and 5 Yr. Note remain at historic lows. The 10 Yr. Note is now under 2.75% and the 30 Yr. just under 4%. I remain on the sidelines awaiting opportunity. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 11 August 2010
Financials: Sept. Bonds are currently 30 higher at 13023. Yesterday the Fed left rates unchanged but indicated that they will be buyers of long term instruments (5 yr., 10 yr., etc.) in an effort to keep longer term rates low. The long 10 Yr. Note/ short 30 Yr. Bond spread is now trading at 506 premium the Bonds, the recent high on this spread being 515 premium the Bonds. Yields on the 2 Yr. Note and 5 Yr. Note remain at historic lows. The 10 Yr. Note is now under 2.75% and the 30 Yr. just under 4%. I remain on the sidelines awaiting opportunity. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 10 August 2010
Financials: Sept. Bonds are currently 1 tick higher at 12912. The market is awaiting todays announcement on interest rates by the FOMC at 1:15 Chicago time. I believe there will be an indication of easing of some sort, whether an outright easing of the discount rate, Fed Funds or continued purchases by the Fed of treasuries in an effort to tkeep rates low. It is probably time to start watching the money supply, funds to purchase treasuries have to come from somewhere. If there is continued growth in the money supply, I feel that long term rates will eventually start to rise. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 10 August 2010
Financials: Sept. Bonds are currently 1 tick higher at 12912. The market is awaiting todays announcement on interest rates by the FOMC at 1:15 Chicago time. I believe there will be an indication of easing of some sort, whether an outright easing of the discount rate, Fed Funds or continued purchases by the Fed of treasuries in an effort to tkeep rates low. It is probably time to start watching the money supply, funds to purchase treasuries have to come from somewhere. If there is continued growth in the money supply, I feel that long term rates will eventually start to rise. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 09 August 2010
Financials: Sept. Bonds are cuurently 7 lower at 12910. As mentioned last week, I am currently on the sidelines. The feature this week will be the FMOC meeting which many are speculating will result in quantitative easing . With the 30 Yr. yielding 4%, the 10 yr. 2.82% and the 5 yr and 2 yr. at record low yields, I do not know how much more the Fed can ease. Could 90 day TBills go much below 0.1%? I continue to watch the spread between the 10 Yr. and 30 Yr. which is now 428 premium the 30 Yr. My inclination is to go long the 10 Yr./ short the 30 Yr., but I will wait until aftrer the FMOC meeting. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 09 August 2010
Financials: Sept. Bonds are cuurently 7 lower at 12910. As mentioned last week, I am currently on the sidelines. The feature this week will be the FMOC meeting which many are speculating will result in quantitative easing . With the 30 Yr. yielding 4%, the 10 yr. 2.82% and the 5 yr and 2 yr. at record low yields, I do not know how much more the Fed can ease. Could 90 day TBills go much below 0.1%? I continue to watch the spread between the 10 Yr. and 30 Yr. which is now 428 premium the 30 Yr. My inclination is to go long the 10 Yr./ short the 30 Yr., but I will wait until aftrer the FMOC meeting. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 06 August 2010
Financials: Sept. Bonds are currently 100 higher at 12912. This mornings Monthly Employment Report showed a decline non-farm payrolls of 131,000 versus expectations of a decline of 60,000. The 2 Yr. Note now has a yield of less than ½%, a new all time low. The Bonds are now above yesterdays resistance of 12828. I remain on the sidelines. Major resistance remains at 13200.
Grains: Yesterday Nov. Beans closed 4 cents higher, Dec. Corn 3 higher and Dec. Wheat 596 higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 06 August 2010
Financials: Sept. Bonds are currently 100 higher at 12912. This mornings Monthly Employment Report showed a decline non-farm payrolls of 131,000 versus expectations of a decline of 60,000. The 2 Yr. Note now has a yield of less than ½%, a new all time low. The Bonds are now above yesterdays resistance of 12828. I remain on the sidelines. Major resistance remains at 13200.
Grains: Yesterday Nov. Beans closed 4 cents higher, Dec. Corn 3 higher and Dec. Wheat 596 higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 05 August 2010
Financials: Sept. Bonds are currently 13 higher at 12810. This mornings weekly Unemployment Report showed an increase in claims of 19,000 vs. an expectation of a decline of 2,000. Near term support remains at 12718 and near term resistance at 12828. I remain on the sidelines.
Grains: Yesterday Nov. Beans closed 6 cents higher, Dec. Corn 11 higher and Dec. Wheat 45 higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 05 August 2010
Financials: Sept. Bonds are currently 13 higher at 12810. This mornings weekly Unemployment Report showed an increase in claims of 19,000 vs. an expectation of a decline of 2,000. Near term support remains at 12718 and near term resistance at 12828. I remain on the sidelines.
Grains: Yesterday Nov. Beans closed 6 cents higher, Dec. Corn 11 higher and Dec. Wheat 45 higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 04 August 2010
Financials: Sept. Bonds are currently 5 higher at 12818. Near term support remains at 12718 and near term resistance at 12828. Long term resistance remains at 13200. The yield on the 30 Yr. Bond remains around 4% and the yield on the 10 Yr. is currently 2.90%. Yields on the 2 Yr. and 5 Yr. are on all time lows (at least during my 37 yr. career). The long 10 Yr. Note/ short Bond spread is currently at 419 premium the Bonds. I will be interested in doing this spread at 428 premium the Bonds or higher. At the moment I am still on the sidelines as far as an outright futures position is concerned. ... mehr The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 04 August 2010
Financials: Sept. Bonds are currently 5 higher at 12818. Near term support remains at 12718 and near term resistance at 12828. Long term resistance remains at 13200. The yield on the 30 Yr. Bond remains around 4% and the yield on the 10 Yr. is currently 2.90%. Yields on the 2 Yr. and 5 Yr. are on all time lows (at least during my 37 yr. career). The long 10 Yr. Note/ short Bond spread is currently at 419 premium the Bonds. I will be interested in doing this spread at 428 premium the Bonds or higher. At the moment I am still on the sidelines as far as an outright futures position is concerned. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 03 August 2010
Financials: Bonds are currently 14 higher at 12802. Near term support of 12718 held yesterday as evidenced by this mornings higher market. Near term resistance remains at 12828. As mentioned last week long term resistance could be as high as 13200. The 30 Yr. Bond continues with a yield just above the 4% level, while the 10 Yr. Note yield remains under 3% at 2.92%. I am still hesitant to take a position in this market. What I am looking at, once again, is for an opportunity in the long 10 Yr. Note/ short Bond spread which is currently at 410 premium the Bonds. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 03 August 2010
Financials: Bonds are currently 14 higher at 12802. Near term support of 12718 held yesterday as evidenced by this mornings higher market. Near term resistance remains at 12828. As mentioned last week long term resistance could be as high as 13200. The 30 Yr. Bond continues with a yield just above the 4% level, while the 10 Yr. Note yield remains under 3% at 2.92%. I am still hesitant to take a position in this market. What I am looking at, once again, is for an opportunity in the long 10 Yr. Note/ short Bond spread which is currently at 410 premium the Bonds. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 02 August 2010
Financials: Sept. Bonds are currently 21 lower at 12802. Near term support is currently 12718 and near term resistance 12828. I remain on the sidelines.
Grains: On Friday Nov. Beans closed 17 cents higher, Dec. Corn 13 higher and Dec. Wheat 34 higher. Over night Beans were 16 higher, Corn 8 higher and Wheat 26 higher. Historically high temperatures in the Ukraine, wet conditiond in China and continued purcheases by Commodity Funds continue to fuel upside momentum. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 02 August 2010
Financials: Sept. Bonds are currently 21 lower at 12802. Near term support is currently 12718 and near term resistance 12828. I remain on the sidelines.
Grains: On Friday Nov. Beans closed 17 cents higher, Dec. Corn 13 higher and Dec. Wheat 34 higher. Over night Beans were 16 higher, Corn 8 higher and Wheat 26 higher. Historically high temperatures in the Ukraine, wet conditiond in China and continued purcheases by Commodity Funds continue to fuel upside momentum. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 30 July 2010
Financials: Sept. Bonds are currently 122 higher at 12818. This mornings report on 2nd Quarter GDP came in at 2.4% versus an expectation of 2.5%. In the first quarter the economy grew by 3.7% revised from 2.7%, but growth estimates going back as far as 2007 have been revised to lower numbers. This overal revision of data over the past 3 years showed that the exit from the economic slump started in 2007 was weaker than anticipated. As an economist friend of mine likes to say Economists have predicted 11 out of the last 7 recessions. This saying, I assume, also goes for recoveries. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 30 July 2010
Financials: Sept. Bonds are currently 122 higher at 12818. This mornings report on 2nd Quarter GDP came in at 2.4% versus an expectation of 2.5%. In the first quarter the economy grew by 3.7% revised from 2.7%, but growth estimates going back as far as 2007 have been revised to lower numbers. This overal revision of data over the past 3 years showed that the exit from the economic slump started in 2007 was weaker than anticipated. As an economist friend of mine likes to say Economists have predicted 11 out of the last 7 recessions. This saying, I assume, also goes for recoveries. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 29 July 2010
Financials: Bonds are currently 15 lower at 12612. This mornings Jobless Claims were down by 11,000 versus expectations of a decrease of only 4,000. This wasnt great news but the market has looked upon the number as constructive. Yesterday we were stopped out of a recent long position from the 12613 level when the market traded through the 12603 level, putting us on the sidelines. Near term support is currently 12526 and near term resistance 12712. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 29 July 2010
Financials: Bonds are currently 15 lower at 12612. This mornings Jobless Claims were down by 11,000 versus expectations of a decrease of only 4,000. This wasnt great news but the market has looked upon the number as constructive. Yesterday we were stopped out of a recent long position from the 12613 level when the market traded through the 12603 level, putting us on the sidelines. Near term support is currently 12526 and near term resistance 12712. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 28 July 2010
Financials: Sept. Bonds are currently 5 higher at 12616. This mornings Durable Goods report was a bit of a disappointment coming in a -1% versus expectations of +1%. The immediate reaction was a rally to the 12626 level before backing off to current levels. Yesterday the long 10 Yr. Note /short Bond spread traded at our objective of 400 premium the Bonds and we are now out of this position. Yesterday we also recommended trading Bonds from the long side from the 12613 level with a 10 point protective stop for a short term trade. If you went long, continue to use a protective sell stop in the 12603 area. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 28 July 2010
Financials: Sept. Bonds are currently 5 higher at 12616. This mornings Durable Goods report was a bit of a disappointment coming in a -1% versus expectations of +1%. The immediate reaction was a rally to the 12626 level before backing off to current levels. Yesterday the long 10 Yr. Note /short Bond spread traded at our objective of 400 premium the Bonds and we are now out of this position. Yesterday we also recommended trading Bonds from the long side from the 12613 level with a 10 point protective stop for a short term trade. If you went long, continue to use a protective sell stop in the 12603 area. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 27 July 2010
Financials: Sept. Bonds are currently 26 lower at 12613. The long 10 Yr. Note/ short Bond spread is currently at 405 premium the Bonds. If you remain in this spread, I feel it is close enough to my objective of 400 premium the Bonds to liquidate this position. Technically the market is testing near term support at current levels. Near term resistance is now the 12718 level. I am recommending the long side of market at present levels with a 10 point stop for short term trades. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 27 July 2010
Financials: Sept. Bonds are currently 26 lower at 12613. The long 10 Yr. Note/ short Bond spread is currently at 405 premium the Bonds. If you remain in this spread, I feel it is close enough to my objective of 400 premium the Bonds to liquidate this position. Technically the market is testing near term support at current levels. Near term resistance is now the 12718 level. I am recommending the long side of market at present levels with a 10 point stop for short term trades. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 26 July 2010
Financials: Sept. Bonds are currently 3 lower at 12702. Yields on the 30 Yr. Bond and 10 Yr. Notes are back to about 4% and 3% respectively. A stronger equities market and the ability of most European banks to pass the stress tests have taken some of the upward pressure off the long term interest rate vehicles (30yr., 10 yr. and 5 yr.). If you remain spread long the 10 Yr. Notes/short Bonds (currently at 416) I would recommend contniuing to hold out for the 400 level premium the Bopnds to liquidate the position. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 26 July 2010
Financials: Sept. Bonds are currently 3 lower at 12702. Yields on the 30 Yr. Bond and 10 Yr. Notes are back to about 4% and 3% respectively. A stronger equities market and the ability of most European banks to pass the stress tests have taken some of the upward pressure off the long term interest rate vehicles (30yr., 10 yr. and 5 yr.). If you remain spread long the 10 Yr. Notes/short Bonds (currently at 416) I would recommend contniuing to hold out for the 400 level premium the Bopnds to liquidate the position. ... mehr The Nemenoff Report - Bonds Steady, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 23 July 2010
Financials: Sept. Bonds are currently steady at 12803. Over night the Bonds traded below near term support of 12724 making an early morning low of 12707 as the market reacted to favorable economic news from Europe. The market is now focused on results of stress tests of European banks. If you remain spread long 10 Yr. Notes/ short Bonds, my objective remains at 400 premium the Bonds (the spread is currently at 428). As mentioned yesterday I am currently on the sidelines as far as initiating new positions at this time. ... mehr The Nemenoff Report - Bonds Steady, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 23 July 2010
Financials: Sept. Bonds are currently steady at 12803. Over night the Bonds traded below near term support of 12724 making an early morning low of 12707 as the market reacted to favorable economic news from Europe. The market is now focused on results of stress tests of European banks. If you remain spread long 10 Yr. Notes/ short Bonds, my objective remains at 400 premium the Bonds (the spread is currently at 428). As mentioned yesterday I am currently on the sidelines as far as initiating new positions at this time. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 22 July 2010
Financials: Sept. Bonds are currently 4 lower at 12823. Yesterday the market rallied sharply after Bernacke spoke about about lowered growth expectations. The yield on the 30 Yr. Bonds dropped to 3.89% and the yield on the 10 Yr. Note also dropped to a yield of 2.89%. Resistance of 12812 was handily penetrated as the market rallied to a high of 12914 befroe backing off to present levels. To be honest, the trend is up but I cannot trade this market from the long side with the yield at present levels. If you remain spread long the 10 Yr. Notes/ short the Bonds, ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 22 July 2010
Financials: Sept. Bonds are currently 4 lower at 12823. Yesterday the market rallied sharply after Bernacke spoke about about lowered growth expectations. The yield on the 30 Yr. Bonds dropped to 3.89% and the yield on the 10 Yr. Note also dropped to a yield of 2.89%. Resistance of 12812 was handily penetrated as the market rallied to a high of 12914 befroe backing off to present levels. To be honest, the trend is up but I cannot trade this market from the long side with the yield at present levels. If you remain spread long the 10 Yr. Notes/ short the Bonds, ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 21 July 2010
Financials: Sept. Bonds are currently 10 lower at 12721. The yeild on the 30 Yr. Bond remains just below the 4% mark (3.98%) and the yield on the 10 Yr. Note just below 3% (2.96%). I still feel that yields will go above these benchmarks to last weeks levels of 4.1% and 3.04% respectively. If you remain spread long the 10 Yr. Note/ short Bonds (currently at 422 premium the Bonds) I would look to liquidate the position at 400 premium the Bonds. Near term support remains at 12702 and near term resistance at 12812. I still prefer the short side of market on rallies to resistance for short term trades. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 21 July 2010
Financials: Sept. Bonds are currently 10 lower at 12721. The yeild on the 30 Yr. Bond remains just below the 4% mark (3.98%) and the yield on the 10 Yr. Note just below 3% (2.96%). I still feel that yields will go above these benchmarks to last weeks levels of 4.1% and 3.04% respectively. If you remain spread long the 10 Yr. Note/ short Bonds (currently at 422 premium the Bonds) I would look to liquidate the position at 400 premium the Bonds. Near term support remains at 12702 and near term resistance at 12812. I still prefer the short side of market on rallies to resistance for short term trades. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 19 July 2010
Financials: Sept. Bonds are currently 6 lower at 12729. The long 10 Yr. Note/ short Bond spread is currently 423 premium the Bonds. If you remain in this spread, I would continue to hold and look to liquidate in the 400 premium the Bonds area. Near term support is currently 12702 and near term resistance 12812. I am looking to the short side of the market for short term trades on rallies to resistance. The yield on the 30 Yr. Bond is once again below the 4% level and the yield on the 10 Yr. Note once again below 3%. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 19 July 2010
Financials: Sept. Bonds are currently 6 lower at 12729. The long 10 Yr. Note/ short Bond spread is currently 423 premium the Bonds. If you remain in this spread, I would continue to hold and look to liquidate in the 400 premium the Bonds area. Near term support is currently 12702 and near term resistance 12812. I am looking to the short side of the market for short term trades on rallies to resistance. The yield on the 30 Yr. Bond is once again below the 4% level and the yield on the 10 Yr. Note once again below 3%. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 16 July 2010
Financials: Sept. Bonds are currently 1 higher at 12722. If you remain spread long 10 Yr. Notes/ short Bonds I recommend continuing to hold the position. If you are currently on the sidelines I would remain so until next week. Near term support is currently 12628 and near term resistance 1280.
Grains: Yesterday Nov. Beans closed 26 cents higher, Dec. Corn 9 higher and Dec. Wheat 36 cents higher. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 16 July 2010
Financials: Sept. Bonds are currently 1 higher at 12722. If you remain spread long 10 Yr. Notes/ short Bonds I recommend continuing to hold the position. If you are currently on the sidelines I would remain so until next week. Near term support is currently 12628 and near term resistance 1280.
Grains: Yesterday Nov. Beans closed 26 cents higher, Dec. Corn 9 higher and Dec. Wheat 36 cents higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 15 July 2010
Financials: Bonds are currently 13 higher at 12700. This mornings PPI report showed prices down 0.5% versus expectations of down 0.2%. Ex food and energy was in line with expectations of up 0.1%. Weekly Jobless Claims were down 29K versus expectations of down 9K. All in all the trade looked at these numbers as disappointing indicating sluggish growth. Technically the market has penetrated near term upside resistance of 12627. If you are spread long the 10 Yr. Note/short Bonds I would recommend giving the spread another day or two to see if the Bonds settle back below the 12615 level and liquidate when the (if the Bonds trade below 12615. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 15 July 2010
Financials: Bonds are currently 13 higher at 12700. This mornings PPI report showed prices down 0.5% versus expectations of down 0.2%. Ex food and energy was in line with expectations of up 0.1%. Weekly Jobless Claims were down 29K versus expectations of down 9K. All in all the trade looked at these numbers as disappointing indicating sluggish growth. Technically the market has penetrated near term upside resistance of 12627. If you are spread long the 10 Yr. Note/short Bonds I would recommend giving the spread another day or two to see if the Bonds settle back below the 12615 level and liquidate when the (if the Bonds trade below 12615. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Low Higher
Marc Nemenoff I PRICE Group - 14 July 2010
Financials: Sept. Bonds are currently 17 higher at 12600. Auction results over the last two sessions have boosted the interest rate on the 10 Yr. Notes to 3.12% and on the 30 Yr. Bond to 4.11%, an increase on both of more than 10 basis points from lows made last week. Yesterday Sept. Bonds held support in the 12516 area, a level where I want to either take profits from the combination of short Bonds and short the Sept. Bond 12400 put. An alternative to taking profits would be covering the short 12400 put and buying a 10 Yr. Note, resulting in being positioned with the long 10 Yr. Note/ short Bond spread. Near term support remains in the 12516 area and near term resistance at 12627. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Low Higher
Marc Nemenoff I PRICE Group - 14 July 2010
Financials: Sept. Bonds are currently 17 higher at 12600. Auction results over the last two sessions have boosted the interest rate on the 10 Yr. Notes to 3.12% and on the 30 Yr. Bond to 4.11%, an increase on both of more than 10 basis points from lows made last week. Yesterday Sept. Bonds held support in the 12516 area, a level where I want to either take profits from the combination of short Bonds and short the Sept. Bond 12400 put. An alternative to taking profits would be covering the short 12400 put and buying a 10 Yr. Note, resulting in being positioned with the long 10 Yr. Note/ short Bond spread. Near term support remains in the 12516 area and near term resistance at 12627. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 13 July 2010
Financials: Sept. Bonds are currently 13 lower at 12530. Near term support of 12607 has been violated putting the next level of support in the 12516 area. We continue to hold the combination of short Bonds and short the Sept. Bond 12400 put. If the market trades below the 12522 level I feel it is an area where we need to make some position adjustments. Either take profits or consider covering the 12400 put and going long the 10 Yr. Note which would leave you with the long 10 Yr. Note/ short Bond spread. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 13 July 2010
Financials: Sept. Bonds are currently 13 lower at 12530. Near term support of 12607 has been violated putting the next level of support in the 12516 area. We continue to hold the combination of short Bonds and short the Sept. Bond 12400 put. If the market trades below the 12522 level I feel it is an area where we need to make some position adjustments. Either take profits or consider covering the 12400 put and going long the 10 Yr. Note which would leave you with the long 10 Yr. Note/ short Bond spread. ... mehr The Nemenoff Report - Bonds higher, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 12 July 2010
Financials: Bonds are currently 2 higher at 12611. We contniue to hold the combination of short Sept. Bonds and short the Sept. Bond 12400 put. Near term support remains at 12607 and near term sresistance 12716. If the 12607 level is violated the next level of support will be the 12516 area.
Grains: On Friday Nov. Beans closed 7 higher, Dec. Corn 1 lower and Dec. Wheat 10 lower. ... mehr The Nemenoff Report - Bonds higher, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 12 July 2010
Financials: Bonds are currently 2 higher at 12611. We contniue to hold the combination of short Sept. Bonds and short the Sept. Bond 12400 put. Near term support remains at 12607 and near term sresistance 12716. If the 12607 level is violated the next level of support will be the 12516 area.
Grains: On Friday Nov. Beans closed 7 higher, Dec. Corn 1 lower and Dec. Wheat 10 lower. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 09 July 2010
Financials: Sept. Bonds are currently 9 lower at 12616. We continue to hold the combination of short Bonds and short the Sept. Bond 12400 put. Yesterdays near term support of 12622 was violated early in the session putting support at 12607. If this level is violated the next level of support will be the 12516 area. Near term resistance is currently the 12716 area.
Grains: Yesterday Nov. Beans were 13 cents higher, Dec. Corn 7 higher and Dec. Wheat 17 higher. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 09 July 2010
Financials: Sept. Bonds are currently 9 lower at 12616. We continue to hold the combination of short Bonds and short the Sept. Bond 12400 put. Yesterdays near term support of 12622 was violated early in the session putting support at 12607. If this level is violated the next level of support will be the 12516 area. Near term resistance is currently the 12716 area.
Grains: Yesterday Nov. Beans were 13 cents higher, Dec. Corn 7 higher and Dec. Wheat 17 higher. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 08 July 2010
Financials: Sept. Bonds are currently 13 lower at 12629. The market has fallen below the 12702 level which has held for the last few sessions, putting the yield on the Bonds back to the 4% level and the 10 Yr. Notes back just above the 3% level. This mornings Weekly Jobless Claims Report showed a decline of 21K versus expectations of a decline of 12K. Continuing claims were down by 224K. We continue to hold the combination of short Sept. Bonds and short the Sept. Bond 12400 put. Near term support remains at 12622
and near term resistance has been lowered to the 12728 level. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 08 July 2010
Financials: Sept. Bonds are currently 13 lower at 12629. The market has fallen below the 12702 level which has held for the last few sessions, putting the yield on the Bonds back to the 4% level and the 10 Yr. Notes back just above the 3% level. This mornings Weekly Jobless Claims Report showed a decline of 21K versus expectations of a decline of 12K. Continuing claims were down by 224K. We continue to hold the combination of short Sept. Bonds and short the Sept. Bond 12400 put. Near term support remains at 12622
and near term resistance has been lowered to the 12728 level. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 07 July 2010
Financials: Sept. Bonds are currently 5 lower at 12727. We continue to hold the combination of short Sept. Bonds and short the Sept. Bond 12400 put. Support remains in the 12622 area and resistance 12810.
Grains: Yesterday Nov. Beans closed 5 lower, Dec. Corn 5 lower and Dec. Wheat 6 higher. Over night Beans were 6 higher, Corn 1 higher and Wheat 1 higher. We remain long out of the money call spreads in Nov. Beans. I feel that Nov. Beans are still a buy on breaks. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 07 July 2010
Financials: Sept. Bonds are currently 5 lower at 12727. We continue to hold the combination of short Sept. Bonds and short the Sept. Bond 12400 put. Support remains in the 12622 area and resistance 12810.
Grains: Yesterday Nov. Beans closed 5 lower, Dec. Corn 5 lower and Dec. Wheat 6 higher. Over night Beans were 6 higher, Corn 1 higher and Wheat 1 higher. We remain long out of the money call spreads in Nov. Beans. I feel that Nov. Beans are still a buy on breaks. ... mehr The Nemenoff Report - Bonds Unchanged, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 06 July 2010
Financials: Sept. Bonds are currently unchanged at 12705. We continue to hold the combination of short Sept. Bonds and short the Sept. Bond 12400 put. I am encouraged by the decline in Bonds from the post report highs made Fri. Near term resistance is 12810 and near term support is now the 12622 level.
Grains: Over night Nov. Beans were 3 cents higher, Dec. Corn 5 higher and Dec. Wheat 11 higher. ... mehr The Nemenoff Report - Bonds Unchanged, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 06 July 2010
Financials: Sept. Bonds are currently unchanged at 12705. We continue to hold the combination of short Sept. Bonds and short the Sept. Bond 12400 put. I am encouraged by the decline in Bonds from the post report highs made Fri. Near term resistance is 12810 and near term support is now the 12622 level.
Grains: Over night Nov. Beans were 3 cents higher, Dec. Corn 5 higher and Dec. Wheat 11 higher. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 02 July 2010
Financials: Sept. Bonds are currently 6 lower at 12726. This mornings Monthly Employment Report showed a decline in non-farm payrolls of 125,000 versus an average expectation of down 130,000. We continue to hold the combination of short Sept. Bonds and short the Sept. Bond 12400 put. The market has now seemed to establish a bit of a trading range and I am once again comfortable looking at short term trades from the short side of the market using a close stop. Resistance is currently 12810 and near term support 12628 ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 02 July 2010
Financials: Sept. Bonds are currently 6 lower at 12726. This mornings Monthly Employment Report showed a decline in non-farm payrolls of 125,000 versus an average expectation of down 130,000. We continue to hold the combination of short Sept. Bonds and short the Sept. Bond 12400 put. The market has now seemed to establish a bit of a trading range and I am once again comfortable looking at short term trades from the short side of the market using a close stop. Resistance is currently 12810 and near term support 12628. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 01 July 2010
Financials: Sept. Bonds are currently 3 higher at 12719. Weekly jobless claims were up 13K versus an average estimate before the report of down 2K. The immediate reaction was a rally to a new recent high of 12803 before the market backed off to current levels. Yesterday we covered the short Sept. Bond 12200 put and sold the Sept. Bond 12400 put leaving us with the combination of short Bonds and short the sept. Bond 12400. This stategy of being short futures and short out of the money puts is not a perfect hedge but has enabled us to stay in the market. Depending on where you originally went short the Bonds, ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 01 July 2010
Financials: Sept. Bonds are currently 3 higher at 12719. Weekly jobless claims were up 13K versus an average estimate before the report of down 2K. The immediate reaction was a rally to a new recent high of 12803 before the market backed off to current levels. Yesterday we covered the short Sept. Bond 12200 put and sold the Sept. Bond 12400 put leaving us with the combination of short Bonds and short the sept. Bond 12400. This stategy of being short futures and short out of the money puts is not a perfect hedge but has enabled us to stay in the market. Depending on where you originally went short the Bonds, ... mehr The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 30 June 2010
Financials: Sept. Bonds are currently 6 higher at 12710. This mornings ADP private sector
employment report showed an increase in jobs of 16K versus an estimate of 60K. A disappointment, and probably an indication of what Fridays monthly jobs report will show. I am still holding the combination of short Sept. Bonds and short the Sept. Bond 12200 put. In an effort to once again afford a bit more protection, I am going to recommend once again rolling up in the short 12200 put to the 12400 put leaving us short the Bonds and short the Sept. Bond 12400 put. ... mehr Bonds Higher, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 30 June 2010
Financials: Sept. Bonds are currently 6 higher at 12710. This mornings ADP private sector
employment report showed an increase in jobs of 16K versus an estimate of 60K. A disappointment, and probably an indication of what Fridays monthly jobs report will show. I am still holding the combination of short Sept. Bonds and short the Sept. Bond 12200 put. In an effort to once again afford a bit more protection, I am going to recommend once again rolling up in the short 12200 put to the 12400 put leaving us short the Bonds and short the Sept. Bond 12400 put. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 29 June 2010
Financials: Bonds are currently 21 higher at 12630. Needless to say the Bonds are a full point higher than yesterdays letter. Some negative news out of China concerning lower than expected prices for a couple of major IPOs and Spain once again alerting the IMF and ECU to keep a watch has caused another wave of flight to quality. Technically the Bonds are flirting with highs made in April of 2009 (12719). We remain short the Sept. Bonds and short the Sept. Bond 12200 put which is currently at a loss. If the 12719 level is penetrated I will reconsider the entire position. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 29 June 2010
Financials: Bonds are currently 21 higher at 12630. Needless to say the Bonds are a full point higher than yesterdays letter. Some negative news out of China concerning lower than expected prices for a couple of major IPOs and Spain once again alerting the IMF and ECU to keep a watch has caused another wave of flight to quality. Technically the Bonds are flirting with highs made in April of 2009 (12719). We remain short the Sept. Bonds and short the Sept. Bond 12200 put which is currently at a loss. If the 12719 level is penetrated I will reconsider the entire position. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 28 June 2010
Financials: Sept. Bonds are currently 20 higher at 12531. It is my feeling that the Bonds are higher this morning because of the G-20 meeting in Toronto over the weekend. Growth a priority, but action is needed on controlling deficits. Advanced countries have committed to plans that will at least halve deficits by 2013 and stabilize or reduce government debt-to-GDP ratios by 2016, G-20 leaders said in a communique following the 2 day summit. How will this be accomplished? The first thing that comes to my mind is printing money, raising taxes and keeping short term debt at near record yields. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 28 June 2010
Financials: Sept. Bonds are currently 20 higher at 12531. It is my feeling that the Bonds are higher this morning because of the G-20 meeting in Toronto over the weekend. Growth a priority, but action is needed on controlling deficits. Advanced countries have committed to plans that will at least halve deficits by 2013 and stabilize or reduce government debt-to-GDP ratios by 2016, G-20 leaders said in a communique following the 2 day summit. How will this be accomplished? The first thing that comes to my mind is printing money, raising taxes and keeping short term debt at near record yields. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 25 June 2010
Financials: Sept. Bonds are currently 9 lower at 12424. We continue to hold the combination of short Bonds and short the Sept. Bond 12000 put. In an effort to afford a bit more risk protection I am willing to buy back the Sept. Bond 12000 put and sell the Sept. Bond 12200 put and collect 35 points (35/64ths). This will leave us short Bonds and short the Sept. Bond 12200 put.
Grains: Yesterday Nov. Beans closed 11 cents lower, Dec. Corn 1 lower and Dec. Wheat 1 higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 24 June 2010
Financials: Sept. Bonds are currently 6 higher at 12517. Yesterdays New Home Sales Report was a disappointment, down nearly 33% at an annual rate of 300000 versus expectations of 400,000. Also, the Fed left rates unchanged as expected noting the that the Global debt crisis could cause reason for concern of slowing economic activity. The action in Bonds was what you would expect, the Bonds rallied. We remain short the combination of short Bonds and short the Sept. Bond 12000 put. This position is currently at a loss. I will carry this position until next week when I will reconsider whether to hold, modify the position or take the loss. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 23 June 2010
Financials: Sept. Bonds are currently 7 lower at 12417. Yesterday the market rallied on a disappointing Existing Homes Sales Report. This morning we have a New Homes Sales Report at 9:00 and this afternoon the results of the FOMC meeting. We continue to hold the combination of short Bonds and short the Sept. Bonds 12000 put.
Grains: Yesterday Beans were 2 cents higher, Corn 3 lower and Wheat 1 lower. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 23 June 2010
Financials: Sept. Bonds are currently 7 lower at 12417. Yesterday the market rallied on a disappointing Existing Homes Sales Report. This morning we have a New Homes Sales Report at 9:00 and this afternoon the results of the FOMC meeting. We continue to hold the combination of short Bonds and short the Sept. Bonds 12000 put.
Grains: Yesterday Beans were 2 cents higher, Corn 3 lower and Wheat 1 lower. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 22 June 2010
Financials: Sept. Bonds are currently 14 higher at 12402. If you continue to hold the combination of short Bonds and short the Sept. Bond 12000 put I recommend holding the position and waiting for another profit taking opportunity. If you used yesterdays sharp break in the Bonds early in the session to replace your short Bond position with a short 10 Yr. Note Note, I would use this rally in the Bonds to cover the 10 Yr. Note and reinstate the short Bond position and retain the short Sept. Bond 12000 put. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 22 June 2010
Financials: Sept. Bonds are currently 14 higher at 12402. If you continue to hold the combination of short Bonds and short the Sept. Bond 12000 put I recommend holding the position and waiting for another profit taking opportunity. If you used yesterdays sharp break in the Bonds early in the session to replace your short Bond position with a short 10 Yr. Note Note, I would use this rally in the Bonds to cover the 10 Yr. Note and reinstate the short Bond position and retain the short Sept. Bond 12000 put. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 21 June 2010
Financials: Sept. Bonds are currently 106 lower at 12224. As I am sure you know by now, China may allow their currency to rise slightly against the dollar causing a rally in Equities and a break in Bonds. We remain short the Bonds and short the Sept. Bond 12000 put. This trade is now at a $750+ profit depending on where you entered this combination position. You may want to take the profit. An alternative: On a further break in the Bonds, replace your short Bond position with a short 10 Yr. Note and keep the short Sept. Bond 12000 put. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 21 June 2010
Financials: Sept. Bonds are currently 106 lower at 12224. As I am sure you know by now, China may allow their currency to rise slightly against the dollar causing a rally in Equities and a break in Bonds. We remain short the Bonds and short the Sept. Bond 12000 put. This trade is now at a $750+ profit depending on where you entered this combination position. You may want to take the profit. An alternative: On a further break in the Bonds, replace your short Bond position with a short 10 Yr. Note and keep the short Sept. Bond 12000 put. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 18 June 2010
Financials: Sept. Bonds are currently 5 lower at 12408. We continue to hold the combination of short Bonds and short the Sept. Bond 12000 put. At the moment this position is carrying a small loss.
Grains: Yesterday Beans were 5 lower, Corn1 higher and Wheat 1 higher. Over night Beans were 2 higher, Corn unchanged and Wheat 1 lower. If you remain long July Corn either take profits or raise your protective sell stop to the 3510 level. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 18 June 2010
Financials: Sept. Bonds are currently 5 lower at 12408. We continue to hold the combination of short Bonds and short the Sept. Bond 12000 put. At the moment this position is carrying a small loss.
Grains: Yesterday Beans were 5 lower, Corn1 higher and Wheat 1 higher. Over night Beans were 2 higher, Corn unchanged and Wheat 1 lower. If you remain long July Corn either take profits or raise your protective sell stop to the 3510 level. ... mehr The Nemenoff Report - Bonds Higher, S&P's higher, Silver Higher
Marc Nemenoff I PRICE Group - 17 June 2010
Financials: Sept. Bonds are currently 11 higher at 12315. CPI this morning was down 0.2% in line with expectations and the Weekly Jobless Claims rose 12,000 compared with an average pre-report guesstimate of a decline of 6,000. This added a bit of upward pressure to the Bonds, rallying the Sept. contract to a high of 12322. We continue to hold the combination of short Bonds and short the Sept. Bond 12000 put. For the near term support is currently 12216 and resistance 12406. ... mehr The Nemenoff Report - Bonds Higher, S&P's higher, Silver Higher
Marc Nemenoff I PRICE Group - 17 June 2010
Financials: Sept. Bonds are currently 11 higher at 12315. CPI this morning was down 0.2% in line with expectations and the Weekly Jobless Claims rose 12,000 compared with an average pre-report guesstimate of a decline of 6,000. This added a bit of upward pressure to the Bonds, rallying the Sept. contract to a high of 12322. We continue to hold the combination of short Bonds and short the Sept. Bond 12000 put. For the near term support is currently 12216 and resistance 12406. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 16 June 2010
Financials: Sept. Bonds are currently 24 higher at 12315. We continue to hold the combination of short Bonds and short the Sept. Bond 12000 put. If the Bond futures trade below the 12110 level in the next few sessions I will exit these positions.
Grains: Yesterday Beans closed 2 cents lower, Corn unchanged and Wheat fractionally higher. Over night Beans were 4 higher, Corn unchanged and Wheat 2 higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 16 June 2010
Financials: Sept. Bonds are currently 24 higher at 12315. We continue to hold the combination of short Bonds and short the Sept. Bond 12000 put. If the Bond futures trade below the 12110 level in the next few sessions I will exit these positions.
Grains: Yesterday Beans closed 2 cents lower, Corn unchanged and Wheat fractionally higher. Over night Beans were 4 higher, Corn unchanged and Wheat 2 higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 15 June 2010
Financials: Sept. Bonds are currently 12 higher at 12321. Yesterday we took profits on the long 5 Yr. Notes/ short 10 Yr. Notes spread. We continue to hold the combination of short Sept. Bonds and short the Sept. Bond 12000 put.
Grains: Yesterday Beans were 5 cents higher, Corn 4 higher and Wheat 10 higher. Over night Beans were 2 higher, Corn fractionally lower and Wheat fractionally lower. The Dollar is once again lower and this should add some underlying support to the Grains. ... mehr The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 15 June 2010
Financials: Sept. Bonds are currently 12 higher at 12321. Yesterday we took profits on the long 5 Yr. Notes/ short 10 Yr. Notes spread. We continue to hold the combination of short Sept. Bonds and short the Sept. Bond 12000 put.
Grains: Yesterday Beans were 5 cents higher, Corn 4 higher and Wheat 10 higher. Over night Beans were 2 higher, Corn fractionally lower and Wheat fractionally lower. The Dollar is once again lower and this should add some underlying support to the Grains. ... mehr The Nemenoff Report - Bonds Lower, S&P's higher, Silver Higher
Marc Nemenoff I PRICE Group - 14 June 2010
Financials: Sept. Bonds are currently 108 lower at 12231. We continue to hold the combination of short Bonds and short the Sept. Bonds puts with a strike price of 12000 or lower. Friday also gave the opportunity to put on the long 5 Yr. Note/ short 10 Yr. Note spread which is working for about 10 points this morning. If you were only looking for a short term trade with this spread, take profits.
Grains: On Friday Beans were 11 cents higher, Corn 6 higher and Wheat 7 higher. ... mehr The Nemenoff Report - Bonds Lower, S&P's higher, Silver Higher
Marc Nemenoff I PRICE Group - 14 June 2010
Financials: Sept. Bonds are currently 108 lower at 12231. We continue to hold the combination of short Bonds and short the Sept. Bonds puts with a strike price of 12000 or lower. Friday also gave the opportunity to put on the long 5 Yr. Note/ short 10 Yr. Note spread which is working for about 10 points this morning. If you were only looking for a short term trade with this spread, take profits.
Grains: On Friday Beans were 11 cents higher, Corn 6 higher and Wheat 7 higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 11 June 2010
Financials: Sept. Bonds are currently 100 higher at 12318. This mornings Retail Sales Report showed a disappointing decline of 1.2% versus expectations of of an increase of 0.2%. Yesterday we took profits on short Bonds/long 5 Yr. or 10 Yr. Notes spreads once the Bonds traded below the 12306 level. We are holding the combination trade of short Bond futures and short out of the money Sept. Bond puts. If you feel that this market is headed lower you might consider a less aggressive stance by being spread long 5 Yr. Notes/ short the 10 Yr. Notes. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 11 June 2010
Financials: Sept. Bonds are currently 100 higher at 12318. This mornings Retail Sales Report showed a disappointing decline of 1.2% versus expectations of of an increase of 0.2%. Yesterday we took profits on short Bonds/long 5 Yr. or 10 Yr. Notes spreads once the Bonds traded below the 12306 level. We are holding the combination trade of short Bond futures and short out of the money Sept. Bond puts. If you feel that this market is headed lower you might consider a less aggressive stance by being spread long 5 Yr. Notes/ short the 10 Yr. Notes. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 10 June 2010
Financials: Sept. Bonds are currently 18 lower at 12326. We continue to favor the short side of this market by holding the short Bond/ long 10 Yr. or 5 Yr. Notes spread or the combination of short Bond futures and short out of the money puts. Support remains at 12306 and resistance remains at 12426. If the market trades below the 12306 level consider taking profits on the aforementioned spreads. If you are holding the combination of short futures and short options and support is broken, I recommend holding the position. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 10 June 2010
Financials: Sept. Bonds are currently 18 lower at 12326. We continue to favor the short side of this market by holding the short Bond/ long 10 Yr. or 5 Yr. Notes spread or the combination of short Bond futures and short out of the money puts. Support remains at 12306 and resistance remains at 12426. If the market trades below the 12306 level consider taking profits on the aforementioned spreads. If you are holding the combination of short futures and short options and support is broken, I recommend holding the position. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 09 June 2010
Financials: Sept. Bonds are currently 24 lower at 12327. As mentioned yesterday, I like the short side of the market and recommend being positioned with either a spread (short the Bonds and long either the 10 Yr. or 5 Yr. Notes) or using a combination of short Bonds and short an out of the money put (preferably with a strike price of 12000 or lower). Near term support remains at 12306 with near term resistance at 12426. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 09 June 2010
Financials: Sept. Bonds are currently 24 lower at 12327. As mentioned yesterday, I like the short side of the market and recommend being positioned with either a spread (short the Bonds and long either the 10 Yr. or 5 Yr. Notes) or using a combination of short Bonds and short an out of the money put (preferably with a strike price of 12000 or lower). Near term support remains at 12306 with near term resistance at 12426. ... mehr The Nemenoff Report - Bonds Steady, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 08 June 2010
Financials: Sept. Bonds are currently steady at 12409. As mentioned yesterday, I am hestitant to recommend a naked position in the Bonds at this time because of the fear factor of further soveriegn debt revelations. That being said I do lean towards the short side of the market. I feel comfortable being spread long 10 Yr. Notes/ short Bonds or a combination of short Bonds and short out of the money puts (preferably below the 12000 strike price on the Sept. contract). ... mehr The Nemenoff Report - Bonds Steady, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 08 June 2010
Financials: Sept. Bonds are currently steady at 12409. As mentioned yesterday, I am hestitant to recommend a naked position in the Bonds at this time because of the fear factor of further soveriegn debt revelations. That being said I do lean towards the short side of the market. I feel comfortable being spread long 10 Yr. Notes/ short Bonds or a combination of short Bonds and short out of the money puts (preferably below the 12000 strike price on the Sept. contract). ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 07 June 2010
Financials: Sept. Bonds are currently 10 lower at 12402. Fridays jobs report and news of financial problems in Hungary drove the markets sharply higher. The market is now looking at the news from Hungary as somewhat exaggerated as they have taken austerity steps over the last year and have arranged credit lines with the IMF and ECB. What will keep the Bonds at current lofty levels is not the fear of a collapse in Hungary but the prospect of only slight growth in Europe as a whole. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 07 June 2010
Financials: Sept. Bonds are currently 10 lower at 12402. Fridays jobs report and news of financial problems in Hungary drove the markets sharply higher. The market is now looking at the news from Hungary as somewhat exaggerated as they have taken austerity steps over the last year and have arranged credit lines with the IMF and ECB. What will keep the Bonds at current lofty levels is not the fear of a collapse in Hungary but the prospect of only slight growth in Europe as a whole. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 04 June 2010
Financials: Sept.Bonds are currently 114 higher at 12309. This mornings Employment Report showed an increase in non farm payrolls of 430,000. This is a disappointing number as the consensus before the report was for an increase of 517,000. Keep in mind that there were reportedly 411.000 people hired as tempoary census takers, leaving an increase of only 19,000. Technically the market is now in resistance just above the 12300 level. Support is now the 12106 level. I am willing to try the short side of the market for a short term trade with a protective buy stop at 12328. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 04 June 2010
Financials: Sept.Bonds are currently 114 higher at 12309. This mornings Employment Report showed an increase in non farm payrolls of 430,000. This is a disappointing number as the consensus before the report was for an increase of 517,000. Keep in mind that there were reportedly 411.000 people hired as tempoary census takers, leaving an increase of only 19,000. Technically the market is now in resistance just above the 12300 level. Support is now the 12106 level. I am willing to try the short side of the market for a short term trade with a protective buy stop at 12328. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 03 June 2010
Financials: Sept. Bonds are currently 24 lower at 12118. This mornings weekly employment report showed a decline in claims of 10K to 435K, about as expected. Near term support of 12203 has been penetrated, turning the short term trend from nuetral to down. With a slightly weaker Dollar and a recovering equities market I would tend to favor the short side of the market on rallies to the 12300 area. Near term support is currently the 12026 level, if this area is broken, longer term support will be the 11900 area. The monthly Employment Report will be tomorrow morning. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 03 June 2010
Financials: Sept. Bonds are currently 24 lower at 12118. This mornings weekly employment report showed a decline in claims of 10K to 435K, about as expected. Near term support of 12203 has been penetrated, turning the short term trend from nuetral to down. With a slightly weaker Dollar and a recovering equities market I would tend to favor the short side of the market on rallies to the 12300 area. Near term support is currently the 12026 level, if this area is broken, longer term support will be the 11900 area. The monthly Employment Report will be tomorrow morning. ... mehr The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 02 June 2010
Financials: Sept. Bonds are currently 21 higher at 12314. Contiue to treat as a trading market between 12205 and 12428. I recommend using a close stop and only risking about 12 points on any short term trades.
Grains: Yesterday beans were 5 cents lower, Corn 5 lower and Wheat 7 lower. Over night Beans were fractionally higher, Corn 1 higher and Wheat fractionally higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 02 June 2010
Financials: Sept. Bonds are currently 21 higher at 12314. Contiue to treat as a trading market between 12205 and 12428. I recommend using a close stop and only risking about 12 points on any short term trades.
Grains: Yesterday beans were 5 cents lower, Corn 5 lower and Wheat 7 lower. Over night Beans were fractionally higher, Corn 1 higher and Wheat fractionally higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 01 June 2010
Financials: Sept. Bonds are currently 27 higher at 12316. the market still appears to be in flight to quality mode with the Dollar once again pushing towards its yearly high and equities markets once again lower. On Friday we will have the June monthly employment report. Support is currently 12205 and resistance 12428. To be honest, at this time I do not have a long term strategy and look at the market as a trading affair between support and resistance. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 01 June 2010
Financials: Sept. Bonds are currently 27 higher at 12316. the market still appears to be in flight to quality mode with the Dollar once again pushing towards its yearly high and equities markets once again lower. On Friday we will have the June monthly employment report. Support is currently 12205 and resistance 12428. To be honest, at this time I do not have a long term strategy and look at the market as a trading affair between support and resistance. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 27 May 2010
Financials: Jun. Bonds are currently 26 lower at 12321. Yesterday the market rallied off of support in the 12326 level when it was rumored that China was reviewing its holdings of European debt inspite of poor results of a U.S. Treasury auction. Once the rumors were denied overnight the market returned to its prerumor lows. Near term support has been broken putting the next level of support in the 12306 area. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 27 May 2010
Financials: Jun. Bonds are currently 26 lower at 12321. Yesterday the market rallied off of support in the 12326 level when it was rumored that China was reviewing its holdings of European debt inspite of poor results of a U.S. Treasury auction. Once the rumors were denied overnight the market returned to its prerumor lows. Near term support has been broken putting the next level of support in the 12306 area. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver higher
Marc Nemenoff I PRICE Group - 26 May 2010
Financials: Jun. Bonds are currently 26 lower at 12414. Yesterday we liquidated the long 10 Yr. Note/ short Bond spread at a loss putting us on the sidelines. The recovery in Equities and the Euro mid to late session yesterday provided some selling pressure in equities taking Bonds from the 12600 level to this mornings lower prices. Near term support is currently 12326 with near term resistance at 12524. Treat as a trading market. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver higher
Marc Nemenoff I PRICE Group - 26 May 2010
Financials: Jun. Bonds are currently 26 lower at 12414. Yesterday we liquidated the long 10 Yr. Note/ short Bond spread at a loss putting us on the sidelines. The recovery in Equities and the Euro mid to late session yesterday provided some selling pressure in equities taking Bonds from the 12600 level to this mornings lower prices. Near term support is currently 12326 with near term resistance at 12524. Treat as a trading market. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 25 May 2010
Financials: Jun. Bonds are currently 115 higher at 12528. What can I say, more debt crisis
news from Spain, et.al., saber rattling in N. Korea, declining consumer confidence and a strong Dollar has led to a renewed round of flight to safety in U.S. Treasuries. The long 10 Yr. Note/ short Bond spread is once again at about a $900.00 loss. Im taking the loss and standing aside. Starting Monday the Sept. contract will be considered lead month. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 25 May 2010
Financials: Jun. Bonds are currently 115 higher at 12528. What can I say, more debt crisis
news from Spain, et.al., saber rattling in N. Korea, declining consumer confidence and a strong Dollar has led to a renewed round of flight to safety in U.S. Treasuries. The long 10 Yr. Note/ short Bond spread is once again at about a $900.00 loss. Im taking the loss and standing aside. Starting Monday the Sept. contract will be considered lead month. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 24 May 2010
Financials: Jun. Bonds are currently 4 lower at 12424. The market traded higher this morning before backing off to present levels on reports that the Bank of Spain had taken over a regional bank. We remain spread long 10 Yr. Notes/ short Bonds which has recovered somewhat since early Friday trimming the loss from $1,000 per spread to about $500. Support and resistance for Jun. Bonds is currently 12308 to 12600.
Grains: On Friday Beans closed 3 cents lower, Corn fractionally lower and Wheat 2 higher. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 24 May 2010
Financials: Jun. Bonds are currently 4 lower at 12424. The market traded higher this morning before backing off to present levels on reports that the Bank of Spain had taken over a regional bank. We remain spread long 10 Yr. Notes/ short Bonds which has recovered somewhat since early Friday trimming the loss from $1,000 per spread to about $500. Support and resistance for Jun. Bonds is currently 12308 to 12600.
Grains: On Friday Beans closed 3 cents lower, Corn fractionally lower and Wheat 2 higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 21 May 2010
Financials: Jun. Bonds are currently 125 higher at 12526. Continued fear of debt contagion is fueling the current rally inspite of the trillion dollar European bailout. We remain spread long the 10 Yr. Notes and short Bonds which is currently at a $1,000.00 loss. I will carry this position over the weekend and make a decision whether to stay with the position on Monday. Yesterday we covered our short Eurodollar position.
Grains: Yesterday Beans were 5 cents higher, Corn 2 higher and Wheat fractionally higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 21 May 2010
Financials: Jun. Bonds are currently 125 higher at 12526. Continued fear of debt contagion is fueling the current rally inspite of the trillion dollar European bailout. We remain spread long the 10 Yr. Notes and short Bonds which is currently at a $1,000.00 loss. I will carry this position over the weekend and make a decision whether to stay with the position on Monday. Yesterday we covered our short Eurodollar position.
Grains: Yesterday Beans were 5 cents higher, Corn 2 higher and Wheat fractionally higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 20 May 2010
Financials: Jun. Bonds are currently 111 higher at 12404. Deflation and renewed fears of a slowing economy, particularly housing, and add to that unrest in Europe and Thailand is causing another round of flight to quality. My recommended buy stop for short term trades from the short side of the market has been penetrated as the market traded above the 11402 level. Weare now spread long 10 Yr. Notes/short Bonds from the 228 level premium the Bonds. If you remain short Dec. Eurodollars, take profits, the market is currently trading at 99.060. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 20 May 2010
Financials: Jun. Bonds are currently 111 higher at 12404. Deflation and renewed fears of a slowing economy, particularly housing, and add to that unrest in Europe and Thailand is causing another round of flight to quality. My recommended buy stop for short term trades from the short side of the market has been penetrated as the market traded above the 11402 level. Weare now spread long 10 Yr. Notes/short Bonds from the 228 level premium the Bonds. If you remain short Dec. Eurodollars, take profits, the market is currently trading at 99.060. ... mehr The Nemenoff Report - Bonds Steady, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 19 May 2010
Financials: Bonds are currently unchanged at 12222. Over night the market traded at the 12316 resistance level (the high was 12317) around 3:45am. To be honest I missed the trade, however, if you went short at this level, either take the short term profit or use a protective buy stop at 12402. I am still interested in going short at resistance. I am also interested in putting on the long 10 Yr. Note/short Bond spread at 228 premium the Bonds. We remain short the Dec. Eurodollar from the 99.210 level. This market is currently at 99.110, you might consider taking profits or using a close stop. The recent low over the last 6 weeks is the 99.070 area. ... mehr The Nemenoff Report - Bonds Steady, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 19 May 2010
Financials: Bonds are currently unchanged at 12222. Over night the market traded at the 12316 resistance level (the high was 12317) around 3:45am. To be honest I missed the trade, however, if you went short at this level, either take the short term profit or use a protective buy stop at 12402. I am still interested in going short at resistance. I am also interested in putting on the long 10 Yr. Note/short Bond spread at 228 premium the Bonds. We remain short the Dec. Eurodollar from the 99.210 level. This market is currently at 99.110, you might consider taking profits or using a close stop. The recent low over the last 6 weeks is the 99.070 area. ... mehr The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 18 May 2010
Financials: Jun. Bonds are currently 10 higher at 12124. The Producer Price Index report this morning showed a decrease of 0.1% versus expectations of an increase of 0.1% Housing starts were up 5.8%, above expectations of 3.8%. however, permits were down by a disappointing 11.5%. The immediate reaction was to push Bonds slightly lower for the day before heading slightly higher. I am still hesitant to enter this market at current levels and will await either a break to support of 12003 or a rally to resistance of 12316 to treat as a trading market for short term trades. ... mehr The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 18 May 2010
Financials: Jun. Bonds are currently 10 higher at 12124. The Producer Price Index report this morning showed a decrease of 0.1% versus expectations of an increase of 0.1% Housing starts were up 5.8%, above expectations of 3.8%. however, permits were down by a disappointing 11.5%. The immediate reaction was to push Bonds slightly lower for the day before heading slightly higher. I am still hesitant to enter this market at current levels and will await either a break to support of 12003 or a rally to resistance of 12316 to treat as a trading market for short term trades. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 17 May 2010
Financials: Jun. Bonds are currently 6 lower at 12127. Support remains at 12003 and resistance remains at 12316. Over night the market had quite a wide range (12118-12226) as the EuroFX made a 4 year low before rallying back to about unchanged. Continue to treat the Bonds as a trading market betweeen support and resistance. We remain short the Dec. Eurodollar.
Grains: On Friday Beans were 11 cents lower, Corn 10 lower and Wheat 7 lower. ... mehr Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 17 May 2010
Financials: Jun. Bonds are currently 6 lower at 12127. Support remains at 12003 and resistance remains at 12316. Over night the market had quite a wide range (12118-12226) as the EuroFX made a 4 year low before rallying back to about unchanged. Continue to treat the Bonds as a trading market betweeen support and resistance. We remain short the Dec. Eurodollar.
Grains: On Friday Beans were 11 cents lower, Corn 10 lower and Wheat 7 lower. Over night Beans were 5 lower, Corn 1 lower and Wheat fractionally higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 14 May 2010
Financials: Jun. Bonds are currently 27 higher at 12112. Support is now the 12003 level and resistance remains at 12316. Yesterday the market came close to testing the 11919 support level making a low of 11926. This morning the market is up on renewed nervousness over the European debt contagion and a continuing strong dollar. Dec. Eurodollar futures are consequently trading 4 lower at 99.150. We remain short the Dec. Eurodollar. Treat Bonds as a trading affair between support and resistance. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 14 May 2010
Financials: Jun. Bonds are currently 27 higher at 12112. Support is now the 12003 level and resistance remains at 12316. Yesterday the market came close to testing the 11919 support level making a low of 11926. This morning the market is up on renewed nervousness over the European debt contagion and a continuing strong dollar. Dec. Eurodollar futures are consequently trading 4 lower at 99.150. We remain short the Dec. Eurodollar. Treat Bonds as a trading affair between support and resistance. ... mehr  The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 13 May 2010
Financials: Jun. Bonds are currently 7 higher at 12017. Yesterday the Bonds traded as low as 12006. Support continues at 11919 and resistance continues at 12316. Yesterday we went short the Dec. Eurodollar in the 99.20 area. Just so there is no confusion a Eurodollar futures contract reflects the 90 day interest on U.S. dollars held outside the country (different from the Euro currency), similar to a TBill.
Grains: Yesterday Beans were fractionally lower, Corn 1 higher and Wheat 1 lower. ... mehr Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 13 May 2010
Financials: Jun. Bonds are currently 7 higher at 12017. Yesterday the Bonds traded as low as 12006. Support continues at 11919 and resistance continues at 12316. Yesterday we went short the Dec. Eurodollar in the 99.20 area. Just so there is no confusion a Eurodollar futures contract reflects the 90 day interest on U.S. dollars held outside the country (different from the Euro currency), similar to a TBill.
Grains: Yesterday Beans were fractionally lower, Corn 1 higher and Wheat 1 lower. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 12 May 2010
Financials: Jun. Bonds are currently 8 lower at 12017. For the moment the European debt crisis is somewhat abated. The new fear is global inflation as evidenced by the new yearly highs in Gold and Silver as people have lost a bit of faith in currency. If you feel there is the possibilty of an increase in interest rates by the end of the year consider going short Dec. Eurodollars which are currently trading at 99.200. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 12 May 2010
Financials: Jun. Bonds are currently 8 lower at 12017. For the moment the European debt crisis is somewhat abated. The new fear is global inflation as evidenced by the new yearly highs in Gold and Silver as people have lost a bit of faith in currency. If you feel there is the possibilty of an increase in interest rates by the end of the year consider going short Dec. Eurodollars which are currently trading at 99.200. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 11 May 2010
Financials: Jun. Bonds are currently 11 higher at 12106. A stronger Dollar and weaker Equities have renewed a flight to quality in the U.S. credit markets. Support remains at 11919 and resistance 12408. I will remain on the sidelines until the market reaches either support or resistance.
Grains: Yesterday Beans were 1 cent higher, Corn 1 lower and Wheat 17 lower. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 11 May 2010
Financials: Jun. Bonds are currently 11 higher at 12106. A stronger Dollar and weaker Equities have renewed a flight to quality in the U.S. credit markets. Support remains at 11919 and resistance 12408. I will remain on the sidelines until the market reaches either support or resistance.
Grains: Yesterday Beans were 1 cent higher, Corn 1 lower and Wheat 17 lower. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 10 May 2010
Financials: Jun. Bonds are currently 115 lower at 12017. The nearly trillion dlloar bailout of Greece, et.al. by the Euro Zone, ECB and IMF last night has taken away the flight to quality for the moment in the U.S. credit markets. The spread between support and resistance is quite wide at the moment: Support is currently 11919 and resistance 12408. Treat as a trading market between support resistance. I urge you to be patient and wait for extreme breaks and rallies before entering a trade. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 10 May 2010
Financials: Jun. Bonds are currently 115 lower at 12017. The nearly trillion dlloar bailout of Greece, et.al. by the Euro Zone, ECB and IMF last night has taken away the flight to quality for the moment in the U.S. credit markets. The spread between support and resistance is quite wide at the moment: Support is currently 11919 and resistance 12408. Treat as a trading market between support resistance. I urge you to be patient and wait for extreme breaks and rallies before entering a trade. ... mehr The Nemenoff Report - Bonds Lower, S&P's Steady, Silver Higher
Marc Nemenoff I PRICE Group - 07 May 2010
Financials: Bonds are currently 116 lower at 12127. This mornings Employment Report showed an increase in non-farm payrolls of 290,000 versus a pre-report estimate of 180-200,000. Yesterday the market rallied dramatically because of the break in equities and the social unrest in Greece. European sovereign debt is still the dominant factor in the global flight to quality. Needless to say, yesterdays rally was an aberation as fear drove the market up above the 12400 level. ... mehr Bonds Lower, S&P's Steady, Silver Higher
Marc Nemenoff I PRICE Group - 07 May 2010
Financials: Bonds are currently 116 lower at 12127. This mornings Employment Report showed an increase in non-farm payrolls of 290,000 versus a pre-report estimate of 180-200,000. Yesterday the market rallied dramatically because of the break in equities and the social unrest in Greece. European sovereign debt is still the dominant factor in the global flight to quality. Needless to say, yesterdays rally was an aberation as fear drove the market up above the 12400 level. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Dollar Higher
Marc Nemenoff I PRICE Group - 06 May 2010
Financials: Jun. Bonds are currently 6 higher at 12023. The market continues to rally on a flight to quality because of the potential for unrest in Greece, Italy, Spain and Portugal. I remain on the sidelines. Early estimates for tomorrows Unemployment Report are for an increase in non-farm payrolls of 185,000.
Grains: Yesterday Beans were 9 cents lower, Corn 4 higher and Wheat 1 higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Dollar Higher
Marc Nemenoff I PRICE Group - 06 May 2010
Financials: Jun. Bonds are currently 6 higher at 12023. The market continues to rally on a flight to quality because of the potential for unrest in Greece, Italy, Spain and Portugal. I remain on the sidelines. Early estimates for tomorrows Unemployment Report are for an increase in non-farm payrolls of 185,000.
Grains: Yesterday Beans were 9 cents lower, Corn 4 higher and Wheat 1 higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 05 May 2010
Financials: Jun. Bonds are currently 25 higher at 12025. Same story, different day. The market continues to experience a flight to quality because of the situation in Europe. I feel the market is overbought, but I am not willing to stand in front of a frieght train, so to speak. I recommend the sidelines.
Grains: Yesterday Beans were fractionally higher, Corn 2 lower and wheat 9 higher. ... mehr Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 05 May 2010
Financials: Jun. Bonds are currently 25 higher at 12025. Same story, different day. The market continues to experience a flight to quality because of the situation in Europe. I feel the market is overbought, but I am not willing to stand in front of a frieght train, so to speak. I recommend the sidelines.
Grains: Yesterday Beans were fractionally higher, Corn 2 lower and wheat 9 higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 04 May 2010
Financials: Bonds are currently 28 higher at 11919. The credit crisis in Europe appears to be spreading from Greece to Spain and Portugal. Many analysts feel that Greece will not be able to cope with the high interest rates combined with deflation and consequently rates are rising on their Bonds as the trade is questioning their ability to pay off the notes and roll their paper on the next round of refinancing. Today the market is once again seeing a flight to quality. The Dollar is also on new high ground for the year. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 04 May 2010
Financials: Bonds are currently 28 higher at 11919. The credit crisis in Europe appears to be spreading from Greece to Spain and Portugal. Many analysts feel that Greece will not be able to cope with the high interest rates combined with deflation and consequently rates are rising on their Bonds as the trade is questioning their ability to pay off the notes and roll their paper on the next round of refinancing. Today the market is once again seeing a flight to quality. The Dollar is also on new high ground for the year. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 03 May 2010
Financials: Jun. Bonds are currently 10 lower at 11824. On Friday we were able to do the NOB (Notes over Bonds) spread, long the 10 Yr. Notes/ short the Bonds at 102 premium the Bonds (currently at 103). We also tried to trade the Bonds from the short side of the market only to be stopped out at the 11902 level. My objective on this spread for the short term is 23 points premium the Bonds which would be an 11 point profit. The temporary resolution of the credit situation in Greece has somewhat eased the flight to quality for the moment. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 03 May 2010
Financials: Jun. Bonds are currently 10 lower at 11824. On Friday we were able to do the NOB (Notes over Bonds) spread, long the 10 Yr. Notes/ short the Bonds at 102 premium the Bonds (currently at 103). We also tried to trade the Bonds from the short side of the market only to be stopped out at the 11902 level. My objective on this spread for the short term is 23 points premium the Bonds which would be an 11 point profit. The temporary resolution of the credit situation in Greece has somewhat eased the flight to quality for the moment. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 30 April 2010
Financials: Jun. Bonds are currently 2 lower at 11805. Yesterday the market traded through my recommended buy stop of 11803 for any remaining short futures positions. This mornings GDP report showed an increase of 3.2% versus an average pre-report estimate of 3.3%. The report had little effect on the market. Near term support is currently 11706 and resistance remains in the 11812 area. I will be looking to do the NOB spread (10 yr. Notes/30 Yr. Bonds) at 102 if the market allows. I will buy the 10 Yr. Notes/ sell the Bonds at 102 premium the Bonds (currently at 25 points). ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 30 April 2010
Financials: Jun. Bonds are currently 2 lower at 11805. Yesterday the market traded through my recommended buy stop of 11803 for any remaining short futures positions. This mornings GDP report showed an increase of 3.2% versus an average pre-report estimate of 3.3%. The report had little effect on the market. Near term support is currently 11706 and resistance remains in the 11812 area. I will be looking to do the NOB spread (10 yr. Notes/30 Yr. Bonds) at 102 if the market allows. I will buy the 10 Yr. Notes/ sell the Bonds at 102 premium the Bonds (currently at 25 points). ... mehr The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 29 April 2010
Financials: Jun. Bonds are currently 11 higher at 11728. The European credit crisi is still causing a flight to quality and supporting this market on breaks. To be honest I have been trading this market from the short side on rallies above 11812, contrary to the prevailing trend. If you remain short either take the short term profit or lower your protective buy stop to the 11803 level. Near term support remains at 11624. We remain long the Jun. Bond 11400 put which is currently trading at 8/64ths. ... mehr The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 29 April 2010
Financials: Jun. Bonds are currently 11 higher at 11728. The European credit crisi is still causing a flight to quality and supporting this market on breaks. To be honest I have been trading this market from the short side on rallies above 11812, contrary to the prevailing trend. If you remain short either take the short term profit or lower your protective buy stop to the 11803 level. Near term support remains at 11624. We remain long the Jun. Bond 11400 put which is currently trading at 8/64ths. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 28 April 2010
Financials: Jun. Bonds are currently 16 lower at 11730. Yesterday the market rallied sharply after Greek Bonds were downgraded to junk status and Portugals credit rating was downgraded a couple of notches. The market rallied as high as 11824 in a flight to quality giving us a chance to sell the market in the 11812 resistance area. If you went short either take the short term profit or use a protective buy stop at your break even level. Near term support remains in the 11624 area. We remain long the Jun. Bond 11400 put. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 27 April 2010
Financials: Jun. Bonds are currently 25 higher at 11721. We remain long the Jun. Bond 11400 put which currently is trading at 9 points, giving us a loss of 35/64ths ($546.88). My intention is to hold this position until the May Unemployment Report. I see no reason to liquidate at this time as the position has become in essence a lottery ticket. As for futures the market is approaching resistance in the 11808 area (the Mar. 18th high was 11812) with near term support currently 11624. ... mehr Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 27 April 2010
Financials: Jun. Bonds are currently 25 higher at 11721. We remain long the Jun. Bond 11400 put which currently is trading at 9 points, giving us a loss of 35/64ths ($546.88). My intention is to hold this position until the May Unemployment Report. I see no reason to liquidate at this time as the position has become in essence a lottery ticket. As for futures the market is approaching resistance in the 11808 area (the Mar. 18th high was 11812) with near term support currently 11624. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 23 April 2010
Financials: Jun. Bonds are currently 11 lower at 11630. We remain long the Jun. Bond 11400 put. My intention is to hold this position through the May Unemployment Report.
Grains: Yesterday Beans were 8 cents higher, Corn 3 higher and Wheat 11 higher. Over night Beans were 1 lower, Corn 1 lower and Wheat 1 lower. We continue to hold out of the money call spreads in Nov. Beans. I recommended yesterday to take advantage of the recent runnup in Beans by either rolling the long leg of your call spread to a higher strike price or rolling the short leg down to a lower strike price. ... mehr Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 23 April 2010
Financials: Jun. Bonds are currently 11 lower at 11630. We remain long the Jun. Bond 11400 put. My intention is to hold this position through the May Unemployment Report.
Grains: Yesterday Beans were 8 cents higher, Corn 3 higher and Wheat 11 higher. Over night Beans were 1 lower, Corn 1 lower and Wheat 1 lower. We continue to hold out of the money call spreads in Nov. Beans. I recommended yesterday to take advantage of the recent runnup in Beans by either rolling the long leg of your call spread to a higher strike price or rolling the short leg down to a lower strike price. ... mehr The Nemenoff Report - Bonds Steady, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 22 April 2010
Financials: Jun. Bonds are currently 1 lower at 11718. We remain long the Jun. Bond 11400 put. Let me give you a recap of this position: We originally did the long Jun. Bond 11400/ short the 11200 put spread at 34/64ths premium the 11400 put. We then covered the 11200 put (the short leg of the spread) between 10-12 points making our cost for the 11400 put 44-46 points (about $720.00). The 11400 put is currently at 12 points ($187.50). As for new positions, at this time I am on the sidelines. ... mehr Bonds Steady, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 22 April 2010
Financials: Jun. Bonds are currently 1 lower at 11718. We remain long the Jun. Bond 11400 put. Let me give you a recap of this position: We originally did the long Jun. Bond 11400/ short the 11200 put spread at 34/64ths premium the 11400 put. We then covered the 11200 put (the short leg of the spread) between 10-12 points making our cost for the 11400 put 44-46 points (about $720.00). The 11400 put is currently at 12 points ($187.50). As for new positions, at this time I am on the sidelines. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Grains Steady
Marc Nemenoff I PRICE Group - 21 April 2010
Financials: Jun. Bonds are currently 11 higher at 11703. We remain long the Jun. Bond 11400 put with the intention of holding it until after the May Unemployment Report. Near term support is currently 11606 with near term resistance at 11708 (the recent high). One thing I am looking at is the long 10 Yr. Note/short 30 Yr. Bond spread at 24 points premium the Bonds, the spread is currently at 8 points premium the Bonds. I will do this spread if the market allows. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Grains Steady
Marc Nemenoff I PRICE Group - 21 April 2010
Financials: Jun. Bonds are currently 11 higher at 11703. We remain long the Jun. Bond 11400 put with the intention of holding it until after the May Unemployment Report. Near term support is currently 11606 with near term resistance at 11708 (the recent high). One thing I am looking at is the long 10 Yr. Note/short 30 Yr. Bond spread at 24 points premium the Bonds, the spread is currently at 8 points premium the Bonds. I will do this spread if the market allows. ... mehr The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 20 April 2010
Financials: Jun. Bonds are currently 6 higher at 11622. We remain long the Jun. Bond 11400 put. Near term support is currently 11526 and near term resistance 11708. Treat as a trading market between support and resistance. My recommended risk perameter for the moment is 6 points above resistance and 6 points below support as a place to use protective stops.
Grains: Yesterday beans closed 8 lower, Corn 16 lower and Wheat 22 lower. ... mehr The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 20 April 2010
Financials: Jun. Bonds are currently 6 higher at 11622. We remain long the Jun. Bond 11400 put. Near term support is currently 11526 and near term resistance 11708. Treat as a trading market between support and resistance. My recommended risk perameter for the moment is 6 points above resistance and 6 points below support as a place to use protective stops.
Grains: Yesterday beans closed 8 lower, Corn 16 lower and Wheat 22 lower. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 19 April 2010
Financials: Jun. Bonds are currently 2 lower at 11626. We remain long the Jun. Bond 11400 put. As for futures positions, we were stopped out of a recent short position from the 11620 level when our 12 point from entry level buy stop was hit. Given the uncertainty of the market over the Goldman situation I am recommending the sidelines for the moment.
Grains: On Friday Beans were 1 higher, Corn fractionally higher and Wheat 10 higher. ... mehr Bonds Lower, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 19 April 2010
Financials: Jun. Bonds are currently 2 lower at 11626. We remain long the Jun. Bond 11400 put. As for futures positions, we were stopped out of a recent short position from the 11620 level when our 12 point from entry level buy stop was hit. Given the uncertainty of the market over the Goldman situation I am recommending the sidelines for the moment.
Grains: On Friday Beans were 1 higher, Corn fractionally higher and Wheat 10 higher. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Euro Lower
Marc Nemenoff I PRICE Group - 16 April 2010
Financials: Jun. Bonds are currently 13 higher at 11614. We remain long the Jun. Bond 11400 put which I will carry into the May unemployment report unless there is a sharp break in the market prior to the report. My recommended buy stop for any remaining short futures positions was hit yesterday at 11608. Resistance remains at 11624 and I will be willing to once again trade the short side of the market on rallies
above the 11620 level. I recommend using a 12 point stop from your entry level. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 15 April 2010
Financials: Jun. Bonds are currently 7 lower at 11523. We remain long the Jun. Bond 11400 put which is currently trading at 40 points (40/64ths). If you went short the Jun. Bonds over the last 2 sessions above the 11620 level, either take profits or lower your protective buy stop to the 11608 level. The market is currently in near term support at the 11522 area. The next level of support will be the 11503 level.
Grains: Yesterday Beans closed 1 cent higher, Corn 5 higher and Wheat 1 lower. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 14 April 2010
Financials: Jun. Bonds are currently 5 lower at 11615. Yesterday we covered the short 11200 put leg of the Jun. 11400/11200 put spread at 12 points or better. This leaves us long the 11400 put. I continue to recommend selling the Jun. Bond futures above the 11620 level for short term trades. I recommend risking no more than 12 points on a short term trade. Support is currently 11522 and resistance 11624. ... mehr Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 14 April 2010
Financials: Jun. Bonds are currently 5 lower at 11615. Yesterday we covered the short 11200 put leg of the Jun. 11400/11200 put spread at 12 points or better. This leaves us long the 11400 put. I continue to recommend selling the Jun. Bond futures above the 11620 level for short term trades. I recommend risking no more than 12 points on a short term trade. Support is currently 11522 and resistance 11624. ... mehr The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 13 April 2010
Financials: June Bonds are currently 9 higher at 11617. We continue to hold the Jun. Bond 11400/11200 put spread. I recommend covering the short 11200 leg of the put spread at 12 points or better which will leave us long the 11400 put. Resistance in Jun. Bonds is currently the 11624 level. I will treat the Bond futures as a trading market from the short side on rallies above the 11620 level. Near term support is the 11506 level. ... mehr Bonds Higher, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 13 April 2010
Financials: June Bonds are currently 9 higher at 11617. We continue to hold the Jun. Bond 11400/11200 put spread. I recommend covering the short 11200 leg of the put spread at 12 points or better which will leave us long the 11400 put. Resistance in Jun. Bonds is currently the 11624 level. I will treat the Bond futures as a trading market from the short side on rallies above the 11620 level. Near term support is the 11506 level. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 09 April 2010
Financials: Jun. Bonds are currently 2 lower at 11511. We continue to hold the June Bond 11400/11200 put spread which is currently trading at our entry level of 34 points premium the 11400 put.
Grains: Yesterday Beans were 6 cents lower, Corn 8 lower and Wheat 6 lower. Over night Beans were 3 higher, Corn 2 higher and Wheat 3 higher. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 09 April 2010
Financials: Jun. Bonds are currently 2 lower at 11511. We continue to hold the June Bond 11400/11200 put spread which is currently trading at our entry level of 34 points premium the 11400 put.
Grains: Yesterday Beans were 6 cents lower, Corn 8 lower and Wheat 6 lower. Over night Beans were 3 higher, Corn 2 higher and Wheat 3 higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 08 April 2010
Financials: Jun. Bonds are currently 2 lower at 11520. Yesterday the market rallied more than a full point (32 ticks) as a result of the 10 Yr. Note auction which was oversubscribed and resulted in a 3.86% rate. Prior to the auction the 10 Yr. Note was showing a rate of about 3.94%. I remain a negative on the Bonds and continue to hold the Jun. 11400/11200 put spread.
Grains: Yesterday Beans were 8 cents higher, Corn 10 higher and Wheat 11 higher. ... mehr Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 08 April 2010
Financials: Jun. Bonds are currently 2 lower at 11520. Yesterday the market rallied more than a full point (32 ticks) as a result of the 10 Yr. Note auction which was oversubscribed and resulted in a 3.86% rate. Prior to the auction the 10 Yr. Note was showing a rate of about 3.94%. I remain a negative on the Bonds and continue to hold the Jun. 11400/11200 put spread.
Grains: Yesterday Beans were 8 cents higher, Corn 10 higher and Wheat 11 higher. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Grains Lower
Marc Nemenoff I PRICE Group - 07 April 2010
Financials: Bonds are currently 6 higher at 11419. We continue to hold the long Jun. 11400/short 11200 put spread. I will continue to use an open order to buy the Jun. 11300 put/sell the 11400 put at 34 points premium the 11400 put. If filled this will leave us long the 11300/ short the 11200. There is a 10 Yr. Note auction today which could effect the market later this morning. ... mehr Bonds Higher, S&P's Lower, Grains Lower
Marc Nemenoff I PRICE Group - 07 April 2010
Financials: Bonds are currently 6 higher at 11419. We continue to hold the long Jun. 11400/short 11200 put spread. I will continue to use an open order to buy the Jun. 11300 put/sell the 11400 put at 34 points premium the 11400 put. If filled this will leave us long the 11300/ short the 11200. There is a 10 Yr. Note auction today which could effect the market later this morning. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 06 April 2010
Financials: Jun. Bonds are currently 14 higher at 11426. We remain long the 11400/11200 put spread. I recommend using an open order to buy the Jun. 11300 put and sell
the Jun. 11400 put at 34 points. The reason for this: Originally we did the 11400/11200 put spread at 34 points. If you are able to buy the 11300/sell the 11400 at 34 you will in effect be in the 11300/11200 put spread for just the cost of your ommissions. Currently the market needs to trade just below 11400 for this order to be filled. ... mehr Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 06 April 2010
Financials: Jun. Bonds are currently 14 higher at 11426. We remain long the 11400/11200 put spread. I recommend using an open order to buy the Jun. 11300 put and sell
the Jun. 11400 put at 34 points. The reason for this: Originally we did the 11400/11200 put spread at 34 points. If you are able to buy the 11300/sell the 11400 at 34 you will in effect be in the 11300/11200 put spread for just the cost of your ommissions. Currently the market needs to trade just below 11400 for this order to be filled. ... mehr The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 05 April 2010
Financials: Jun. Bonds are currently 5 higher at 11502. Fridays employment report showed an increase in non-farm payrolls of 162,000 jobs. Not including census takers,
which accounted for approx. 49,000 jobs (less than expected), the number was considered better than expected. The result was a break of 101 during Fridays abbreviated session. I
continiue to feel that interest rates are headed slightly higher from current levels and contniue to hold the Jun. Bond 11400/11200 put spread. ... mehr Bonds Higher, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 05 April 2010
Financials: Jun. Bonds are currently 5 higher at 11502. Fridays employment report showed an increase in non-farm payrolls of 162,000 jobs. Not including census takers,
which accounted for approx. 49,000 jobs (less than expected), the number was considered better than expected. The result was a break of 101 during Fridays abbreviated session. I
continiue to feel that interest rates are headed slightly higher from current levels and contniue to hold the Jun. Bond 11400/11200 put spread. ... mehr Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 01 April 2010
Financials: Jun. Bonds are currently 8 lower at 11528. We continue to hold the Jun. Bond 11400/11200 put spread. Current estimates for tomorrows Unemployment Report show an increase in non-farm payrolls of 150-210,000 jobs. We will hold the current position through the report.
Grains: Yesterday Beans closed 33 cents lower, corn 9 lower and Wheat 21 cents lower. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 01 April 2010
Financials: Jun. Bonds are currently 8 lower at 11528. We continue to hold the Jun. Bond 11400/11200 put spread. Current estimates for tomorrows Unemployment Report show an increase in non-farm payrolls of 150-210,000 jobs. We will hold the current position through the report.
Grains: Yesterday Beans closed 33 cents lower, corn 9 lower and Wheat 21 cents lower. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Grains Lower
Marc Nemenoff I PRICE Group - 31 March 2010
Financials: Jun. Bonds are currently 15 higher at 11604. This mornings ADP Private Sector Jobs report showed a decline of 23,000 jobs versus an expectation of a gain of 50,000. The reaction was a rally to present levels. Yesterday we put on the long Jun. 11400 put/ short 11200 put spread at 34 points. Please note that there will be shortened electronic only session this Friday (Bonds will close at 10:15 am) because of the Good Friday Holiday. The monthly Jobs Report will be released Friday morning. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Grains Lower
Marc Nemenoff I PRICE Group - 31 March 2010
Financials: Jun. Bonds are currently 15 higher at 11604. This mornings ADP Private Sector Jobs report showed a decline of 23,000 jobs versus an expectation of a gain of 50,000. The reaction was a rally to present levels. Yesterday we put on the long Jun. 11400 put/ short 11200 put spread at 34 points. Please note that there will be shortened electronic only session this Friday (Bonds will close at 10:15 am) because of the Good Friday Holiday. The monthly Jobs Report will be released Friday morning. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Grains Higher
Marc Nemenoff I PRICE Group - 30 March 2010
Financials: Bonds are currently 8 lower at 11508. This morning I am looking to put on the Jun. Bond long 11400 put/short the Jun. Bond 11200 put spread for 34 points($531.25). If this weeks Unemployment Report shows more jobs created than expected, the Bonds should continue their downward trend. This put spread carries a risk limited to the premium that is paid and a maximum value of $2,000 ($1468.75 profit) if the spread comes fully into the money near expiration. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Grains Higher
Marc Nemenoff I PRICE Group - 30 March 2010
Financials: Bonds are currently 8 lower at 11508. This morning I am looking to put on the Jun. Bond long 11400 put/short the Jun. Bond 11200 put spread for 34 points($531.25). If this weeks Unemployment Report shows more jobs created than expected, the Bonds should continue their downward trend. This put spread carries a risk limited to the premium that is paid and a maximum value of $2,000 ($1468.75 profit) if the spread comes fully into the money near expiration. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 29 March 2010
Financials: Jun. Bonds are currently 4 lower at 11510. We are currently on the sidelines after covering a recent short position. At some point in time I will be looking to either buy out of the money puts or put spreads as I feel this market will eventually be headed lower. Another strategy will be to put on the long 10 Yr. Note/ short Bond spread.
On Friday we will have a montly Unemployment Report. Early indications show there will be an increase in non-farm payrolls of more than 150,000. ... mehr The Nemenoff Report - Bonds Higher, Grains Higher, Silver Higher
Marc Nemenoff I PRICE Group - 26 March 2010
Financials: Jun. Bonds are currently 3 higher at 11504. Yesterday we took profits from a short Bond position and/or the combination of short the Jun. Bonds and short the Jun. Bond 11500 put. I prefer to stay on the sidelines until at least Monday at this time. Over all, I still feel that rates are headed higher in the long term and that the yield curve will widen (long term rates will mover higher than shorter term rates). The question is how to position oneself for this. I am contemplating both an option position in puts and/or put spreads and also a long 10 Yr. Note/ short 30 Yr. Bond spread position at the moment. ... mehr Bonds Higher, Grains Higher, Silver Higher
Marc Nemenoff I PRICE Group - 26 March 2010
Financials: Jun. Bonds are currently 3 higher at 11504. Yesterday we took profits from a short Bond position and/or the combination of short the Jun. Bonds and short the Jun. Bond 11500 put. I prefer to stay on the sidelines until at least Monday at this time. Over all, I still feel that rates are headed higher in the long term and that the yield curve will widen (long term rates will mover higher than shorter term rates). The question is how to position oneself for this. I am contemplating both an option position in puts and/or put spreads and also a long 10 Yr. Note/ short 30 Yr. Bond spread position at the moment. ... mehr The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 25 March 2010
Financials: Jun. Bonds are currently 3 lower at 11521. Yesterday the market broke sharply despite a sharply higher dollar. It has been the case in recent monts that as the Dollar strengthened Bonds rallied. Yesterday the market diverted from this scenario for some of the following reasons: Poor reception for the 5 Yr. Note auction. Fear that the market is finally realizing that down the road there will continue to be a flood of treasury offerings that the market may find a hard time absorbing. A widening yield curve. All that being said, if you remain short the Bonds or the combination of short Bonds and short the Jun. Bond 11500 put, take profits and stand aside for a day or time and take the time to reassess the market given the sharp break in the last few sessions. ... mehr Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 25 March 2010
Financials: Jun. Bonds are currently 3 lower at 11521. Yesterday the market broke sharply despite a sharply higher dollar. It has been the case in recent monts that as the Dollar strengthened Bonds rallied. Yesterday the market diverted from this scenario for some of the following reasons: Poor reception for the 5 Yr. Note auction. Fear that the market is finally realizing that down the road there will continue to be a flood of treasury offerings that the market may find a hard time absorbing. A widening yield curve. All that being said, if you remain short the Bonds or the combination of short Bonds and short the Jun. Bond 11500 put, take profits and stand aside for a day or time and take the time to reassess the market given the sharp break in the last few sessions. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 24 March 2010
Financials: Bonds are currently 107 lower this morning at 11614. A slightly bearish (for Bonds) Durable Goods report and Greekitis pressure the market as the Dollar soars.
If you remain short Jun. Bonds or the combination of short Bonds and short the Jun. Bond 11500 put either take profits or lower your protective buy stop to the 11708 level. ... mehr Bonds Lower, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 24 March 2010
Financials: Bonds are currently 107 lower this morning at 11614. A slightly bearish (for Bonds) Durable Goods report and Greekitis pressure the market as the Dollar soars.
If you remain short Jun. Bonds or the combination of short Bonds and short the Jun. Bond 11500 put either take profits or lower your protective buy stop to the 11708 level. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 23 March 2010
Financials: Jun. Bonds are currently 3 lower at 11728. If you remain short the Bonds or the combination of short Bonds and short the Jun. Bond 11500 put continue to use a protective buy stop at the 11817 level (cover the short put if you are stopped out of the futures). If the market trades below the 11718 level consider taking profits. If the market trades below the 11711 level and you remain short, lower your buy stop to the 11726 level. ... mehr Bonds Lower, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 23 March 2010
Financials: Jun. Bonds are currently 3 lower at 11728. If you remain short the Bonds or the combination of short Bonds and short the Jun. Bond 11500 put continue to use a protective buy stop at the 11817 level (cover the short put if you are stopped out of the futures). If the market trades below the 11718 level consider taking profits. If the market trades below the 11711 level and you remain short, lower your buy stop to the 11726 level. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 22 March 2010
Financials: Jun. Bonds are currently 1 lower at 11728. If you remain short Jun. Bonds or the combination of short Jun. Bonds and short the Jun. Bond 11500 put use a protective buy stop at the 11817 level or take profits if the market trades below the 11718 level. If the market should trade below the 11711 level and you remain short, lower your buy stop to the 11726 level. ... mehr Bonds Lower, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 22 March 2010
Financials: Jun. Bonds are currently 1 lower at 11728. If you remain short Jun. Bonds or the combination of short Jun. Bonds and short the Jun. Bond 11500 put use a protective buy stop at the 11817 level or take profits if the market trades below the 11718 level. If the market should trade below the 11711 level and you remain short, lower your buy stop to the 11726 level. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Grains Lower
Marc Nemenoff I PRICE Group - 19 March 2010
Financials: Jun. Bonds are currently 2 higher at 11731. This mornings CPI report came out unchanged versus expectations of 0.1%. The weekly Employment Report showed an increase in initial claims of 457k versus expectation of 455k. Continuing claims were 4,579,000 versus 4,522,000. All in all I would say the employment report was only slightly disappointing. The initial reaction was a rally to 11812 before settling back to about unchanged. If you remain short from the 11800 area, continue to use a protective buy stop at 11908. If the market trades below the 11718 level, either take profits or lower your buy stop to the 11820 level. You also might consider selling the Jun. Bond 11500 put against a short futures position in an effort to reduce overall risk. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Grains Lower
Marc Nemenoff I PRICE Group - 19 March 2010
Financials: Jun. Bonds are currently 2 higher at 11731. This mornings CPI report came out unchanged versus expectations of 0.1%. The weekly Employment Report showed an increase in initial claims of 457k versus expectation of 455k. Continuing claims were 4,579,000 versus 4,522,000. All in all I would say the employment report was only slightly disappointing. The initial reaction was a rally to 11812 before settling back to about unchanged. If you remain short from the 11800 area, continue to use a protective buy stop at 11908. If the market trades below the 11718 level, either take profits or lower your buy stop to the 11820 level. You also might consider selling the Jun. Bond 11500 put against a short futures position in an effort to reduce overall risk. ... mehr Bonds higher, S&P's Lower, Grains Lower
Marc Nemenoff I PRICE Group - 18 March 2010
Financials: Jun. Bonds are currently 2 higher at 11731. This mornings CPI report came out unchanged versus expectations of 0.1%. The weekly Employment Report showed an increase in initial claims of 457k versus expectation of 455k. Continuing claims were 4,579,000 versus 4,522,000. All in all I would say the employment report was only slightly disappointing. The initial reaction was a rally to 11812 before settling back to about unchanged. If you remain short from the 11800 area, continue to use a protective buy stop at 11908. If the market trades below the 11718 level, either take profits or lower your buy stop to the 11820 level. ... mehr The Nemenoff Report - Bonds higher, S&P's Lower, Grains Lower
Marc Nemenoff I PRICE Group - 18 March 2010
Financials: Jun. Bonds are currently 2 higher at 11731. This mornings CPI report came out unchanged versus expectations of 0.1%. The weekly Employment Report showed an increase in initial claims of 457k versus expectation of 455k. Continuing claims were 4,579,000 versus 4,522,000. All in all I would say the employment report was only slightly disappointing. The initial reaction was a rally to 11812 before settling back to about unchanged. If you remain short from the 11800 area, continue to use a protective buy stop at 11908. If the market trades below the 11718 level, either take profits or lower your buy stop to the 11820 level. ... mehr Bonds Higher, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 17 March 2010
Financials: June. Bonds are currently 4 higher at 11725. Over night the market made a high of 11804. If you went short above the 11800 level use a protective buy stop at 11908. You also might consider selling the Jun. Bond 11500 put as a protective measure against an adverse price move. If the market trades below the 11718 level, either take the short term profit or lower your buy stop to the 11820 level. ... mehr The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 17 March 2010
Financials: June. Bonds are currently 4 higher at 11725. Over night the market made a high of 11804. If you went short above the 11800 level use a protective buy stop at 11908. You also might consider selling the Jun. Bond 11500 put as a protective measure against an adverse price move. If the market trades below the 11718 level, either take the short term profit or lower your buy stop to the 11820 level. ... mehr The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 16 March 2010
Financials: Jun. Bonds are currently 7 higher at 11704. I am currently on the sidelines. I will be looking to reinstate a short position above the 11800 level. The FOMC meets today and should release a statement around 1:15 Chicago time. It is expected that rates will remain unchanged.
Grains: Yesterday Beans were 4 cents higher, corn 1 lower and Wheat 6 lower. ... mehr The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 16 March 2010
Financials: Jun. Bonds are currently 7 higher at 11704. I am currently on the sidelines. I will be looking to reinstate a short position above the 11800 level. The FOMC meets today and should release a statement around 1:15 Chicago time. It is expected that rates will remain unchanged.
Grains: Yesterday Beans were 4 cents higher, corn 1 lower and Wheat 6 lower. ... mehr Bonds Steady, Yen Lower, S&Ps Lower
Marc Nemenoff I PRICE Group - 15 March 2010
Financials: June Bonds are currently steady at 11630. On Friday we were stopped out of a short position in the Bonds and the combination of short Bonds and short the Jun. Bond 11500 put when the market traded above the 11628 level. I will be looking to reinstate these positions at the 11800 level if the market allows.
Grains: On Friday May Beans closed 5 cents lower at 9254, Corn 1 lower at 3642 and Wheat 64 higher at 4852. ... mehr The Nemenoff Report - Bonds Steady, Yen Lower, S&Ps Lower
Marc Nemenoff I PRICE Group - 15 March 2010
Financials: June Bonds are currently steady at 11630. On Friday we were stopped out of a short position in the Bonds and the combination of short Bonds and short the Jun. Bond 11500 put when the market traded above the 11628 level. I will be looking to reinstate these positions at the 11800 level if the market allows.
Grains: On Friday May Beans closed 5 cents lower at 9254, Corn 1 lower at 3642 and Wheat 64 higher at 4852. ... mehr The Nemenoff Report - Bonds Lower, Yen Lower, S&Ps Higher
Marc Nemenoff I PRICE Group - 12 March 2010
Financials: June Bonds are currently 11 lower at 11608. This mornings Retail Sales report came out better than expected at +0.3% versus a pre-report guesstimate of -0.3%. If you remain short the Bonds or continue to hold the combination of short Bonds and short the June Bond 11500 put either take profits or continue to use a protective buy stop at 11628. If the market trades below 11526 lower your buy stop to the 11617 level. Support remains at 11518. ... mehr Bonds Lower, Yen Lower, S&Ps Higher
Marc Nemenoff I PRICE Group - 12 March 2010
Financials: June Bonds are currently 11 lower at 11608. This mornings Retail Sales report came out better than expected at +0.3% versus a pre-report guesstimate of -0.3%. If you remain short the Bonds or continue to hold the combination of short Bonds and short the June Bond 11500 put either take profits or continue to use a protective buy stop at 11628. If the market trades below 11526 lower your buy stop to the 11617 level. Support remains at 11518. ... mehr Bonds Lower, Silver Lower, S&P's Lower
Marc Nemenoff I PRICE Group - 11 March 2010
Financials: June Bonds are currently 6 lower at 11604. Near term support of 11606 has been penetrated leaving the next level of support in the 11518 area. If you remain short the Bonds or have the combination of short Bonds and short the June Bond 11500 put either take profits or use a protective buy stop at the 11628 level. Weekly jobless claims were 6,000 and continuing claims up 37,000. The weekly claims were down slightly less than expected. ... mehr The Nemenoff Report - Bonds Lower, Silver Lower, S&P's Lower
Marc Nemenoff I PRICE Group - 11 March 2010
Financials: June Bonds are currently 6 lower at 11604. Near term support of 11606 has been penetrated leaving the next level of support in the 11518 area. If you remain short the Bonds or have the combination of short Bonds and short the June Bond 11500 put either take profits or use a protective buy stop at the 11628 level. Weekly jobless claims were 6,000 and continuing claims up 37,000. The weekly claims were down slightly less than expected. ... mehr The Nemenoff Report - Bonds Lower, Yen Lower, S&Ps Steady
Marc Nemenoff I PRICE Group - 10 March 2010
Financials: June Bonds are currently 10 lower at 11606. The market is currently in near term support. If the market breaks through the 11606 area the next level of support will be the 11518 level. If you remain short the Bonds or continue to hold the combination of short Bonds and short the June Bond 11500 put either take profits or lower your protective buy stop to the 11628 level. For those of you who have on the combination of short Bonds and short the 11500 put, if you are stopped out of the Bonds, cover the short put. ... mehr Bonds Lower, Yen Lower, S&Ps Steady
Marc Nemenoff I PRICE Group - 10 March 2010
Financials: June Bonds are currently 10 lower at 11606. The market is currently in near term support. If the market breaks through the 11606 area the next level of support will be the 11518 level. If you remain short the Bonds or continue to hold the combination of short Bonds and short the June Bond 11500 put either take profits or lower your protective buy stop to the 11628 level. For those of you who have on the combination of short Bonds and short the 11500 put, if you are stopped out of the Bonds, cover the short put. ... mehr The Nemenoff Report - Bonds Higher, Grains Lower, S&Ps Lower
Marc Nemenoff I PRICE Group - 09 March 2010
Financials: June Bonds are currently 10 higher at 11623. Yesterdays near term support of 11606 has held (the low was 11607). If you remain short the Bonds or short the combination of Bonds and the 11500 put either take profits or lower your protective buy stop to the 11714 level. If you are stopped out of your short position cover the short June 11500 put.
Grains: Yesterday May beans closed 5 cents higher, Corn fractionally lower and Wheat 1 higher. ... mehr Bonds Higher, Grains Lower, S&Ps Lower
Marc Nemenoff I PRICE Group - 09 March 2010
Financials: June Bonds are currently 10 higher at 11623. Yesterdays near term support of 11606 has held (the low was 11607). If you remain short the Bonds or short the combination of Bonds and the 11500 put either take profits or lower your protective buy stop to the 11714 level. If you are stopped out of your short position cover the short June 11500 put.
Grains: Yesterday May beans closed 5 cents higher, Corn fractionally lower and Wheat 1 higher. ... mehr Bonds Lower, Dollar Lower, S&Ps Steady
Marc Nemenoff I PRICE Group - 08 March 2010
Financials: June Bonds are currently 8 lower at 11614. If you remain short the Bonds or short the combination of June Bonds and the June Bond 11500 put either take profits or use a protective buy stop at 11722. If you have the combination and you are stopped out of the futures, buy back the short 11500 put. Near term support is currently the 11606 level. If near term support is penetrated, the next level of support is the 11518 level. ... mehr Bonds Lower, Dollar Lower, S&Ps Steady
Marc Nemenoff I PRICE Group - 08 March 2010
Financials: June Bonds are currently 8 lower at 11614. If you remain short the Bonds or short the combination of June Bonds and the June Bond 11500 put either take profits or use a protective buy stop at 11722. If you have the combination and you are stopped out of the futures, buy back the short 11500 put. Near term support is currently the 11606 level. If near term support is penetrated, the next level of support is the 11518 level. ... mehr The Nemenoff Report - Bonds Lower, Grains Higher, Yen Lower
Marc Nemenoff I PRICE Group - 05 March 2010
Financials: Jun. Bonds are currently 20 lower at 11706. This mornings monthly Unemployment Report showed a decline in non-farm payrolls of 36,000 jobs versus expectations of a decline of 75,000. The unemployment rate was steady at 9.7%. Yesterday the market gave the opportunity of going short at the 11800 level (the high was 11802). If you went short either take the short term profit or consider selling the June 11500 put in an effort to collect some premium and provide yourself with some protection against an adverse price move. If you are uncomfortable with options and looking for a longer term play use a protective buy stop just above yesterdays high. ... mehr The Nemenoff Report - Bonds Lower, Grains Higher, Yen Lower
Marc Nemenoff I PRICE Group - 05 March 2010
Financials: Jun. Bonds are currently 20 lower at 11706. This mornings monthly Unemployment Report showed a decline in non-farm payrolls of 36,000 jobs versus expectations of a decline of 75,000. The unemployment rate was steady at 9.7%. Yesterday the market gave the opportunity of going short at the 11800 level (the high was 11802). If you went short either take the short term profit or consider selling the June 11500 put in an effort to collect some premium and provide yourself with some protection against an adverse price move. If you are uncomfortable with options and looking for a longer term play use a protective buy stop just above yesterdays high. ... mehr The Nemenof Report - Bonds Steady, Grains Lower, Dollar Higher
Marc Nemenoff I PRICE Group - 04 March 2010
Financials: June Bonds are currently 1 higher at 11711. Resistance remains in the 11800 area. I continue to prefer the short side of the market. If you establish a short position consider selling an out of the money put three strike prices below the market as a way of collecting some premium and also providing some protection against adverse price movement. This mornings non-farm productivity report showed an increase of 6.9% versus expectations of 6.5%. Weekly jobless claims were 469,000, down by 29,000. The market had little reaction to these numbers. ... mehr The Nemenof Report - Bonds Steady, Grains Lower, Dollar Higher
Marc Nemenoff I PRICE Group - 04 March 2010
Financials: June Bonds are currently 1 higher at 11711. Resistance remains in the 11800 area. I continue to prefer the short side of the market. If you establish a short position consider selling an out of the money put three strike prices below the market as a way of collecting some premium and also providing some protection against adverse price movement. This mornings non-farm productivity report showed an increase of 6.9% versus expectations of 6.5%. Weekly jobless claims were 469,000, down by 29,000. The market had little reaction to these numbers. ... mehr Bonds Lower, Grains Higher, S&P's Higher
Marc Nemenoff I PRICE Group - 03 March 2010
Financials: June Bonds are currently 8 lower at 11703. Resistance remains in the 11800 area. I still recommend the short side of this market. If you establish a short position, consider selling an out of the money put three strike prices below the market as a way of collecting some premium and also providing some protection against adverse price movement. The Greek debt situation and their ability to roll over some 20 Billion Dollars worth of debt instruments in the coming months will no doubt have an effect on both the Bonds and the Currencies. ... mehr The Nemenoff Report - Bonds Lower, Grains Higher, S&P's Higher
Marc Nemenoff I PRICE Group - 03 March 2010
Financials: June Bonds are currently 8 lower at 11703. Resistance remains in the 11800 area. I still recommend the short side of this market. If you establish a short position, consider selling an out of the money put three strike prices below the market as a way of collecting some premium and also providing some protection against adverse price movement. The Greek debt situation and their ability to roll over some 20 Billion Dollars worth of debt instruments in the coming months will no doubt have an effect on both the Bonds and the Currencies. ... mehr The Nemenoff Report - Bonds Lower, Grains Steady, S&Ps Higher
Marc Nemenoff I PRICE Group - 02 March 2010
Financials: June Bonds are currently are currently 17 lower at 11630. Stronger equities due to better than expected profits in the technology sector have taken some of the buying out of the interest rate sector. The possibility of a bailout program to refinance Greek debt and institution of a plan to reduce budget deficits as a percentage of GNP has tempered the flight to quality. I still favor the short side of this market on rallies. The 11800 level remains long term resistance at this moment in time. ... mehr Bonds Lower, Grains Steady, S&Ps Higher
Marc Nemenoff I PRICE Group - 02 March 2010
Financials: June Bonds are currently are currently 17 lower at 11630. Stronger equities due to better than expected profits in the technology sector have taken some of the buying out of the interest rate sector. The possibility of a bailout program to refinance Greek debt and institution of a plan to reduce budget deficits as a percentage of GNP has tempered the flight to quality. I still favor the short side of this market on rallies. The 11800 level remains long term resistance at this moment in time. ... mehr The Nemenoff Report - Bonds Lower, Dollar Higher, S&Ps Higher
Marc Nemenoff I PRICE Group - 01 March 2010
Financials: June Bonds are currently 5 lower at 11717. Near term resistance remains in the 11800 area for the June contract. I am looking to trade the Bonds and 10 Yr. Notes from the short side on rallies.
Grains: On Friday Beans were 11 cents higher, Corn 5 higher, and Wheat 16 higher. Over night Beans were 6 lower, Corn 1 higher and Wheat 2 lower. For the moment I favor the long side of the market in May Beans on a break to the 9250-9350 level and May Corn in the 3760-3730 area. ... mehr The Nemenoff Report - Bonds Higher, Dollar Lower, S&Ps Lower
Marc Nemenoff I PRICE Group - 26 February 2010
Financials: Mar. Bonds are currently 13 higher at 11826. The market is now trading at near term resistance and I recommend that any long positions be liquidated in this area. As of this morning the June contract will be considered the lead month as that is where the concentration of volume will be. Resistance for June Bonds is currently the 11728-11804 area. I am now looking to start trading the financials from the short side of the market as we approach long term resistance at the stated levels. ... mehr The Nemenoff Report - Bonds Higher, Dollar Lower, S&Ps Lower
Marc Nemenoff I PRICE Group - 26 February 2010
Financials: Mar. Bonds are currently 13 higher at 11826. The market is now trading at near term resistance and I recommend that any long positions be liquidated in this area. As of this morning the June contract will be considered the lead month as that is where the concentration of volume will be. Resistance for June Bonds is currently the 11728-11804 area. I am now looking to start trading the financials from the short side of the market as we approach long term resistance at the stated levels. ... mehr the nemenoff report - Bonds Higher, Dollar Higher, S&Ps Lower
Marc Nemenoff I PRICE Group - 25 February 2010
Financials: Bonds are currently 20 higher at 11811. comments by Bernanke alluding to continued low rates for the near future and a flight to quality due to a stronger Dollar (see currency comment) and lower equities , have continue to add upward momentum this morning.
Near term resistance remains at 11824. If this level is penetrated I suspect we will have a test of long term resistance in the 11910 area. I will be looking to trade this market from the short side in the 11910 area if the market allows. ... mehr the nemenoff report - Bonds Higher, Dollar Higher, S&Ps Lower
Marc Nemenoff I PRICE Group - 25 February 2010
Financials: Bonds are currently 20 higher at 11811. comments by Bernanke alluding to continued low rates for the near future and a flight to quality due to a stronger Dollar (see currency comment) and lower equities , have continue to add upward momentum this morning.
Near term resistance remains at 11824. If this level is penetrated I suspect we will have a test of long term resistance in the 11910 area. I will be looking to trade this market from the short side in the 11910 area if the market allows. ... mehr the nemenoff report - Bonds Steady, Grains Higher, S&Ps Steady
Marc Nemenoff I PRICE Group - 24 February 2010
Financials: Mar. Bonds are currently unchanged at 11728. Yesterday the market closed above the 11713 level generating a minor buy signal. Near term support is currently 11628 and near term resistance is now the 11824 level. Yesterdays disappointing consumer confidence and negative home price statistics have provided some upside momentum. I now favor the long side of the market on breaks to the low 11700 area (11700-11708) with a protective sell stop in the 11614 area. If near term resistance of 11824 is penetrated the next level of resistance will be the 11910 area at which point I will be leaning towards the short side of the market. ... mehr the nemenoff report - Bonds Steady, Grains Higher, S&Ps Steady
Marc Nemenoff I PRICE Group - 24 February 2010
Financials: Mar. Bonds are currently unchanged at 11728. Yesterday the market closed above the 11713 level generating a minor buy signal. Near term support is currently 11628 and near term resistance is now the 11824 level. Yesterdays disappointing consumer confidence and negative home price statistics have provided some upside momentum. I now favor the long side of the market on breaks to the low 11700 area (11700-11708) with a protective sell stop in the 11614 area. ... mehr
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