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The Nemenoff Report - Equities lower on China news

Marc Nemenoff I PRICE Group - Commodities - 17.04.2015
Financials: June Bonds are currently 17 lower at 163’20, 10 Yr. Notes 2 lower at 129’20 and 5 Yr. notes fractionally lower ar 120’23. I’m still hesitant to take a position in either Bonds or 10 Yr. Notes with the German 10 Yr. trading at a yield of 0.07%, only 7 basis points from 0% yield. We do ,however, have a Eurodollar position of long EDU15/short EDM17 initiated at 117 points premium the Sept.2015 contract. ... mehr

The Nemenoff Report - EuroFX, Bonds, Metals, Equities and Grains Lower

Marc Nemenoff I PRICE Group - Commodities - 13.04.2015
Financials: June Bonds are currently 15 lower at 163’01, 10 Yr. Notes 1.5 lower at 128’24.5 and 5 Yr. Notes unchanged at 120.04. Last week saw poor auction results on the 30 Yr. pushing rates several basis points higher. We remain spread long the 5 Yr./short the 10 Yr. from the 9’02 premium the 10 Yr. level. The spread is currently at 8’20 premium the 10 Yr. and I am looking for profit taking opportunities on further breaks. Grains: May Corn is currently 2’0 lower at 375’0, May Beans 1’0 higher at 952’4 and May Wheat 15’0 lower at 511’4. I am currently on the sidelines, however, I will be a buyer in May Corn in the 368’0 area. ... mehr

The Nemenoff Report - EuroFX, Bonds, Metals, Equities and Grains Lower

Marc Nemenoff I PRICE Group - ltfutures - 13.04.2015
Financials: June Bonds are currently 15 lower at 163’01, 10 Yr. Notes 1.5 lower at 128’24.5 and 5 Yr. Notes unchanged at 120.04. Last week saw poor auction results on the 30 Yr. pushing rates several basis points higher. We remain spread long the 5 Yr./short the 10 Yr. from the 9’02 premium the 10 Yr. level. The spread is currently at 8’20 premium the 10 Yr. and I am looking for profit taking opportunities on further breaks. Grains: May Corn is currently 2’0 lower at 375’0, May Beans 1’0 higher at 952’4 and May Wheat 15’0 lower at 511’4. I am currently on the sidelines, however, I will be a buyer in May Corn in the 368’0 area. ... mehr

The Nemenoff Report - Dollar Steady. Interest Rate Futures higher after Friday’s sharp drop

Marc Nemenoff I PRICE Group - Commodities - 09.03.2015
Financials: June Bonds are currently 26 higher at 156’15, 10 Yr. Notes 6 higher at 126’08 and 5 Yr. Notes3 higher at 118’14.5. On Friday Bonds dropped sharply as a result of the monthly e,mployment report which showed an increase of 295,000 non-farm payrolls, well above the pre-report average guesstimate of 235,000. The unemployment also continued to drop, however average earnings were below estimates. The continued drop in the rate of unemployment and the increase in jobs might just be the impetus the Fed needs to raise rates in the 3rd quarter (July-Sept.). ... mehr

The Nemenoff Report - Dollar Steady. Interest Rate Futures higher after Friday’s sharp drop

Marc Nemenoff I PRICE Group - ltfutures - 09.03.2015
Financials: June Bonds are currently 26 higher at 156’15, 10 Yr. Notes 6 higher at 126’08 and 5 Yr. Notes3 higher at 118’14.5. On Friday Bonds dropped sharply as a result of the monthly e,mployment report which showed an increase of 295,000 non-farm payrolls, well above the pre-report average guesstimate of 235,000. The unemployment also continued to drop, however average earnings were below estimates. The continued drop in the rate of unemployment and the increase in jobs might just be the impetus the Fed needs to raise rates in the 3rd quarter (July-Sept.). ... mehr

The Nemenoff Report - Ukraine withdraws troops. Greece seeks loan extension. Jan. FOMC minutes today

Marc Nemenoff I PRICE Group - Commodities - 18.02.2015
Financials: Mar. Bonds are currently 11 higher at 144’14, 10 Yr. Notes 7 higher at 127’15 and 5 Yr. Notes 4 higher at 119’14. We have covered all short biased naked and spread positions and are currently on the sidelines. Today’s focus will be the FOMC minutes as the market will be looking for language to indicate when a rate hike will take place. For me, Eurodollar futures show that it will be after June. Greece it appears is back at the bargaining table, after walking out yesterday, looking for a loan extension. Does anybody really think these debt will ever be paid back? ... mehr

The Nemenoff Report - Ukraine withdraws troops. Greece seeks loan extension. Jan. FOMC minutes today

Marc Nemenoff I PRICE Group - ltfutures - 18.02.2015
Financials: Mar. Bonds are currently 11 higher at 144’14, 10 Yr. Notes 7 higher at 127’15 and 5 Yr. Notes 4 higher at 119’14. We have covered all short biased naked and spread positions and are currently on the sidelines. Today’s focus will be the FOMC minutes as the market will be looking for language to indicate when a rate hike will take place. For me, Eurodollar futures show that it will be after June. Greece it appears is back at the bargaining table, after walking out yesterday, looking for a loan extension. Does anybody really think these debt will ever be paid back? ... mehr

The Nemenoff Report - Expanded limits for Cattle today. Equity Markets reaction negative after Jobs Report. Grain Report today

Marc Nemenoff I PRICE Group - Commodities - 12.01.2015
Financials: Mar. Bonds 4 higher at 147’21, 10 Yr. Notes 3 higher at 128’22 and 5 Yr. Notes 3 higher at 120’03. Friday’a Job Report showed an increase in non-farm payrolls of 252,000. Inspite of this economically positive number the market chose to focus more on the slight drop in wages and the situation in France. ... mehr

The Nemenoff Report - Expanded limits for Cattle today. Equity Markets reaction negative after Jobs Report. Grain Report today

Marc Nemenoff I PRICE Group - ltfutures - 12.01.2015
Financials: Mar. Bonds 4 higher at 147’21, 10 Yr. Notes 3 higher at 128’22 and 5 Yr. Notes 3 higher at 120’03. Friday’a Job Report showed an increase in non-farm payrolls of 252,000. Inspite of this economically positive number the market chose to focus more on the slight drop in wages and the situation in France. ... mehr

The Nemenoff Report - S&P near all time high overnight. Wheat lower.

Marc Nemenoff I PRICE Group - Commodities - 19.12.2014
Financials: Mar. Bonds are currently unchanged at 143’24, 10 Yr. Notes 3.5 higher at 126’19 and the 5 Yr. Note 3 higher at 118’27.5. All I can do is plant an idea on these markets. I feel that the yield curve is about to steepen and am going to be focusing on the long 10 Yr./ short Bond spread and/or the long 5 Yr./short 10 Yr. spread. Grains: Mar. Corn is currently 5’0 lower at 406’0, Jan. Beans 6’6 lower at 1028’2 and Mar. Wheat 17’2 lower at 638’0. If you went short Wheat yesterday either take profits or use a protective buy stop at 653’4. ... mehr

The Nemenoff Report - S&P near all time high overnight. Wheat lower.

Marc Nemenoff I PRICE Group - ltfutures - 19.12.2014
Financials: Mar. Bonds are currently unchanged at 143’24, 10 Yr. Notes 3.5 higher at 126’19 and the 5 Yr. Note 3 higher at 118’27.5. All I can do is plant an idea on these markets. I feel that the yield curve is about to steepen and am going to be focusing on the long 10 Yr./ short Bond spread and/or the long 5 Yr./short 10 Yr. spread. Grains: Mar. Corn is currently 5’0 lower at 406’0, Jan. Beans 6’6 lower at 1028’2 and Mar. Wheat 17’2 lower at 638’0. If you went short Wheat yesterday either take profits or use a protective buy stop at 653’4. ... mehr

The Nemenoff Report - Metals rally as Russian Ruble continues to fall

Marc Nemenoff I PRICE Group - Commodities - 10.12.2014
Financials: Mar. Bonds are currently 6 higher at 143’11, 10 Yr. Notes 3.5 higher at 126’22.5 and the 5 Yr. Notes 2 higher at 118’30. The yield curve has continued to flatten as long term rates continue to drop and Eurodollar rates have had a slight bump up on contracts dated for June 2015 and beyond. Bonds are now getting to a level where my bias is getting negative. I will be a seller above the 144’00 level. Grains: Mar. Corn is currently fractionally higher at 395’2, Jan. Beans 1’4 higher at 1050’6 and Mar. Wheat 4’2 lower at 581’4. ... mehr

The Nemenoff Report - Metals rally as Russian Ruble continues to fall

Marc Nemenoff I PRICE Group - ltfutures - 10.12.2014
Financials: Mar. Bonds are currently 6 higher at 143’11, 10 Yr. Notes 3.5 higher at 126’22.5 and the 5 Yr. Notes 2 higher at 118’30. The yield curve has continued to flatten as long term rates continue to drop and Eurodollar rates have had a slight bump up on contracts dated for June 2015 and beyond. Bonds are now getting to a level where my bias is getting negative. I will be a seller above the 144’00 level. Grains: Mar. Corn is currently fractionally higher at 395’2, Jan. Beans 1’4 higher at 1050’6 and Mar. Wheat 4’2 lower at 581’4. ... mehr

The Nemenoff Report - ECB leaves rates unchanged, market awaits Draghi statements about possible quantitative easing

Marc Nemenoff I PRICE Group - Commodities - 04.12.2014
Financials: Mar. Bonds are currently 8 higher at 141’16, 10 Yr. Notes 3 higher at 126’12 and 5 Yr. Notes 2 higher at 119’03. A couple of items this morning. Weekly jobless claims were down by 17k, in line with expectations of a 19k drop. The ECB left rates unchanged. It is expected that later this morning Mario Draghi will comment on Europe’s economy and suggest that if needed the ECB will take action to keep rates low in an attempt for stimulus. Earlier in the week we recommended going long Mar. Bonds in the 141’16 area. ... mehr

The Nemenoff Report - ECB leaves rates unchanged, market awaits Draghi statements about possible quantitative easing

Marc Nemenoff I PRICE Group - ltfutures - 04.12.2014
Financials: Mar. Bonds are currently 8 higher at 141’16, 10 Yr. Notes 3 higher at 126’12 and 5 Yr. Notes 2 higher at 119’03. A couple of items this morning. Weekly jobless claims were down by 17k, in line with expectations of a 19k drop. The ECB left rates unchanged. It is expected that later this morning Mario Draghi will comment on Europe’s economy and suggest that if needed the ECB will take action to keep rates low in an attempt for stimulus. Earlier in the week we recommended going long Mar. Bonds in the 141’16 area. ... mehr

The Nemenoff Report - Gold and Silver higher after making new lows Sunday evening. Equities lower

Marc Nemenoff I PRICE Group - Commodities - 01.12.2014
Financials: Mar. Bonds are currently 11 higher at 142’31, 10 Yr. Notes 11 higher at 127’12 and 5 Yr. Notes 7 higher at 119’23. Bonds have rallied since our last Report as Precious Metals and Energies declined after the announcement by OPED that there will not be a cut in Crude Oil production. This once again has ignited fears of very low inflation and/or deflation. As mentioned last week Bonds technically appear to have broken out to the upside. Treat as a trading market between141’16 and 144’06. Grains: Mar. Corn is currently 3’2 lower at 385’4 and Jan. Beans 1’0 higher at 1017’0. Trends remain down. I remain a seller in Mar. Corn in the 395’0 area. ... mehr

The Nemenoff Report - Gold and Silver higher after making new lows Sunday evening. Equities lower

Marc Nemenoff I PRICE Group - ltfutures - 01.12.2014
Financials: Mar. Bonds are currently 11 higher at 142’31, 10 Yr. Notes 11 higher at 127’12 and 5 Yr. Notes 7 higher at 119’23. Bonds have rallied since our last Report as Precious Metals and Energies declined after the announcement by OPED that there will not be a cut in Crude Oil production. This once again has ignited fears of very low inflation and/or deflation. As mentioned last week Bonds technically appear to have broken out to the upside. Treat as a trading market between141’16 and 144’06. Grains: Mar. Corn is currently 3’2 lower at 385’4 and Jan. Beans 1’0 higher at 1017’0. Trends remain down. I remain a seller in Mar. Corn in the 395’0 area. ... mehr

The Nemenoff Report - Cattle on fed report shows higher than expected placements

Marc Nemenoff I PRICE Group - Commodities - 24.11.2014
Financials: Dec. Bonds are currently 11 lower at 141’21, 10 Yr. Notes 5 lower at 126’17 and 5 Yr. Notes2.7 lower at 119’18. On last Friday China lowered key interest rates by up to 40 basis points as Mario Draghi reiterated previous statements that the ECB will do whatever it takes to fight deflation. The obvious effect: A rally in Bonds above the 142’00 level. I am still looking at this market with a bit of skepticism and will continue to treat as a trading affair between 140’08 and 142’28. Grains: Dec. Corn is currently 2’6 lower at 370’0, Jan Beans 11’0 lower at 1028’0 and Dec. Wheat fractionally lower at 546’4. ... mehr

The Nemenoff Report - Cattle on fed report shows higher than expected placements

Marc Nemenoff I PRICE Group - ltfutures - 24.11.2014
Financials: Dec. Bonds are currently 11 lower at 141’21, 10 Yr. Notes 5 lower at 126’17 and 5 Yr. Notes2.7 lower at 119’18. On last Friday China lowered key interest rates by up to 40 basis points as Mario Draghi reiterated previous statements that the ECB will do whatever it takes to fight deflation. The obvious effect: A rally in Bonds above the 142’00 level. I am still looking at this market with a bit of skepticism and will continue to treat as a trading affair between 140’08 and 142’28. Grains: Dec. Corn is currently 2’6 lower at 370’0, Jan Beans 11’0 lower at 1028’0 and Dec. Wheat fractionally lower at 546’4. ... mehr

The Nemenoff Report - Holiday Market Today, Light Volume. Equities on New Highs

Marc Nemenoff I PRICE Group - Commodities - 11.11.2014
Financials: Dec. Bonds are currently 3 lower at 140’28, 10 Yr. Notes fractionally lower at 126’08 and the 5 Yr. Note unchanged at 119’10.5. I am still looking at the Bonds as a trading affair between 140’06 and 142’28. Volume will be light today as many participants are on the sidelines due to the Veteran’s Day Holiday. We are still watching the long June 2015/short June 2017 Eurodollar spread and expect it to widen over time as it is expected that rates will start to rise 2nd or 3rd quarter 2015. Grains: Dec. Corn is currently fractionally higher at 396’6, Jan. Beans 3’2 higher at 1029’0 and Dec. Wheat 1’6 lower at 515’4. ... mehr

The Nemenoff Report - Holiday Market Today, Light Volume. Equities on New Highs

Marc Nemenoff I PRICE Group - ltfutures - 11.11.2014
Financials: Dec. Bonds are currently 3 lower at 140’28, 10 Yr. Notes fractionally lower at 126’08 and the 5 Yr. Note unchanged at 119’10.5. I am still looking at the Bonds as a trading affair between 140’06 and 142’28. Volume will be light today as many participants are on the sidelines due to the Veteran’s Day Holiday. We are still watching the long June 2015/short June 2017 Eurodollar spread and expect it to widen over time as it is expected that rates will start to rise 2nd or 3rd quarter 2015. Grains: Dec. Corn is currently fractionally higher at 396’6, Jan. Beans 3’2 higher at 1029’0 and Dec. Wheat 1’6 lower at 515’4. ... mehr

The Nemenoff Report - Equities about steady, Gold and Silver Slightly Lower.

Marc Nemenoff I PRICE Group - Commodities - 03.11.2014
Financials: Dec. Bonds are currently 3 higher at 141’06, 10 Yr. Notes 1 higher at 126’12.5 and the 5 Yr. Note fractionally lower at 119’13. These vmarkets have been relatively calm over the last 2 sessions given the dramatic moves in the currencies, metals and equities. Continue to treat Bonds as a trading affair between 140’06 and 142’29. Grains: Dec. Corn is currently 3’6 lower at 373’0, Jan .Beans 10’0 lower at 1048’0 and Dec. Wheat 4’2 lower at 528’2. On Friday we cover short positions in Dec. Corn and Nov. Beans. I feel that the fundamental bias remains negative for Corn and Soy and will be looking to reinstate short positions on rallies. ... mehr

The Nemenoff Report - Equities about steady, Gold and Silver Slightly Lower.

Marc Nemenoff I PRICE Group - ltfutures - 03.11.2014
Financials: Dec. Bonds are currently 3 higher at 141’06, 10 Yr. Notes 1 higher at 126’12.5 and the 5 Yr. Note fractionally lower at 119’13. These vmarkets have been relatively calm over the last 2 sessions given the dramatic moves in the currencies, metals and equities. Continue to treat Bonds as a trading affair between 140’06 and 142’29. Grains: Dec. Corn is currently 3’6 lower at 373’0, Jan .Beans 10’0 lower at 1048’0 and Dec. Wheat 4’2 lower at 528’2. On Friday we cover short positions in Dec. Corn and Nov. Beans. I feel that the fundamental bias remains negative for Corn and Soy and will be looking to reinstate short positions on rallies. ... mehr

The Nemenoff Report - Bank of Japan increases stimulus, Yen and metals slide, Equities surge, Bonds trade lower

Marc Nemenoff I PRICE Group - Commodities - 31.10.2014
Financials: Dec. Bonds are currently 14 lower at 141’04, 10 Yr. Notes 6 lower at 126’14 and 5 Yr. Notes down 3 at 119’16. Early this morning the Bank of Japan announced it would increase it’s Bond purchases by more than the equivalent of 780 billion dollars (quantitative easing) in an ceffort to stimulate their economy and fight deflation. The U.S. treasuries broke slightly compared to the rally in the Dollar and glodal equities. Trat as a trading affair between 140’06 and 142’29. Grains: Dec. Corn is currently 1’0 lower at 373’0, Nov. Beans 1’2 higher at 1027’0 and Dec. Wheat 3’0 lower at 533’0 If you went short Dec. Corn above 378’0 either take the small profit or use a buy stop just above the overnight high of 375’0 ... mehr

The Nemenoff Report - Bank of Japan increases stimulus, Yen and metals slide, Equities surge, Bonds trade lower

Marc Nemenoff I PRICE Group - ltfutures - 31.10.2014
Financials: Dec. Bonds are currently 14 lower at 141’04, 10 Yr. Notes 6 lower at 126’14 and 5 Yr. Notes down 3 at 119’16. Early this morning the Bank of Japan announced it would increase it’s Bond purchases by more than the equivalent of 780 billion dollars (quantitative easing) in an ceffort to stimulate their economy and fight deflation. The U.S. treasuries broke slightly compared to the rally in the Dollar and glodal equities. Trat as a trading affair between 140’06 and 142’29. Grains: Dec. Corn is currently 1’0 lower at 373’0, Nov. Beans 1’2 higher at 1027’0 and Dec. Wheat 3’0 lower at 533’0 If you went short Dec. Corn above 378’0 either take the small profit or use a buy stop just above the overnight high of 375’0 ... mehr

The Nemenoff Report: New Ebola case sets back S&P’s. What you need to know about June 2015 Bonds!

Marc Nemenoff I PRICE Group - Commodities - 24.10.2014
Financials: Dec. Bonds are currently 20 higher at 142’11, 10 Yr. Notes 8 higher at 127’08 and the 5 Yr. Note 4 higher at 120’01.2. Need to know: On Wednesday June Bonds rallied sharply jumping more than 10’00 points to above 151’00, as the rest of the market was more or less unchanged. The June contract now carries a large premium to the Dec. and March contracts which under normal circumstances would be at a discount. Little known up until the contract was open (Wednesday was essentially the first trading day for this contract) the pricing for this contract reflected the change in the basket for the cheapest securities eligible for delivery against the Bond contract. ... mehr

The Nemenoff Report: New Ebola case sets back S&P’s. What you need to know about June 2015 Bonds!

Marc Nemenoff I PRICE Group - ltfutures - 24.10.2014
Financials: Dec. Bonds are currently 20 higher at 142’11, 10 Yr. Notes 8 higher at 127’08 and the 5 Yr. Note 4 higher at 120’01.2. Need to know: On Wednesday June Bonds rallied sharply jumping more than 10’00 points to above 151’00, as the rest of the market was more or less unchanged. The June contract now carries a large premium to the Dec. and March contracts which under normal circumstances would be at a discount. Little known up until the contract was open (Wednesday was essentially the first trading day for this contract) the pricing for this contract reflected the change in the basket for the cheapest securities eligible for delivery against the Bond contract. ... mehr

The Nemenoff Report - Better than expected earnings reports boost equities. Gold trades above 1250.00.

Marc Nemenoff I PRICE Group - Commodities - 21.10.2014
Financials: Dec. Bonds are currently 13 lower at 142’22, 10 Yr. Notes 7 lower at 127’19 and the 5 Yr. Note 4 lower at 120’07. These markets have set back from last weeks lofty numbers as equities have had a near 50% correction to the upside from their recent lows due to some surprisingly good earnings (Apple for instance) in spite of the poor out look of others (IBM). To be honest I do not see anything on the horizon for the week and will stay on the sidelines for the next few sessions. Grains: ec. Corn is currently 1’0 lower at 347’2, Nov. Beans 4’0 higher at 948’2 and Dec. Wheat 2’6 higher at 516’2. Corn and Beans continue to trade sideways showing resistace at 360’0 and 960’0 respectively. ... mehr

Better than expected earnings reports boost equities. Gold trades above 1250.00.

Marc Nemenoff I PRICE Group - ltfutures - 21.10.2014
Financials: Dec. Bonds are currently 13 lower at 142’22, 10 Yr. Notes 7 lower at 127’19 and the 5 Yr. Note 4 lower at 120’07. These markets have set back from last weeks lofty numbers as equities have had a near 50% correction to the upside from their recent lows due to some surprisingly good earnings (Apple for instance) in spite of the poor out look of others (IBM). To be honest I do not see anything on the horizon for the week and will stay on the sidelines for the next few sessions. Grains: ec. Corn is currently 1’0 lower at 347’2, Nov. Beans 4’0 higher at 948’2 and Dec. Wheat 2’6 higher at 516’2. Corn and Beans continue to trade sideways showing resistace at 360’0 and 960’0 respectively. ... mehr

The Nemenoff Report - Hedge Fund Liquidation sells off equities

Marc Nemenoff I PRICE Group - Commodities - 14.10.2014
Financials: Dec. Bonds are currently 20 higher at at 142’21, 10 Yr. Notes 10.5 higher at 127’15.5 and 5 Yr. Notes 5 higher at 120’01. Continued flight to quality in treasuries as Equities set back about 6% over the last couple of weeks. I am willing to sell the 5 Yr. Note above 120’00 (I incorrectly stated my sell level at 125’00 yesterday, my apologies). I will also be willing to go long June 2015/short June 2017 Eurodollar futures below the 172 level premium the 2015 contract (currently at 176). Grains: Dec. Corn is currently 1’2 higher at 347’2, Nov. Beans 12’4 higher at 958’0 and Dec. Wheat 1’2 lower at 504’0. I feel these markets are in resistance and choose to be on the sidelines. ... mehr

The Nemenoff Report - Hedge Fund Liquidation sells off equities

Marc Nemenoff I PRICE Group - ltfutures - 14.10.2014
Financials: Dec. Bonds are currently 20 higher at at 142’21, 10 Yr. Notes 10.5 higher at 127’15.5 and 5 Yr. Notes 5 higher at 120’01. Continued flight to quality in treasuries as Equities set back about 6% over the last couple of weeks. I am willing to sell the 5 Yr. Note above 120’00 (I incorrectly stated my sell level at 125’00 yesterday, my apologies). I will also be willing to go long June 2015/short June 2017 Eurodollar futures below the 172 level premium the 2015 contract (currently at 176). Grains: Dec. Corn is currently 1’2 higher at 347’2, Nov. Beans 12’4 higher at 958’0 and Dec. Wheat 1’2 lower at 504’0. I feel these markets are in resistance and choose to be on the sidelines. ... mehr

The Nemenoff Report - 2nd quarter GDP +4.6% vs. expectations of +4.2%

Marc Nemenoff I PRICE Group - Commodities - 26.09.2014
Financials: Dec. Bonds are currently 1 lower at 137’25 settling back from a recent high of 138’07 earlier this morning on the release of 2nd quarter GDP which came in at 4.6%, slightly better than expectations of 4.2%. We remain spread long June 2017/short June 2015 Eurodollar futures, currently trading at 203 premium the June 2015 contract. Take profits below 198 premium the June 2015. Grains: Dec. Corn is currently 1’0 lower at 325’0, Nov. Beans 8’2 lower at 914’4 and Dec. Wheat 4’2 lower at 469’6. Trends remain as these markets search for a reason to find support. Beans make new lows despite positive export news. I’m on the sidelines. ... mehr

The Nemenoff Report - 2nd quarter GDP +4.6% vs. expectations of +4.2%

Marc Nemenoff I PRICE Group - ltfutures - 26.09.2014
Financials: Dec. Bonds are currently 1 lower at 137’25 settling back from a recent high of 138’07 earlier this morning on the release of 2nd quarter GDP which came in at 4.6%, slightly better than expectations of 4.2%. We remain spread long June 2017/short June 2015 Eurodollar futures, currently trading at 203 premium the June 2015 contract. Take profits below 198 premium the June 2015. Grains: Dec. Corn is currently 1’0 lower at 325’0, Nov. Beans 8’2 lower at 914’4 and Dec. Wheat 4’2 lower at 469’6. Trends remain as these markets search for a reason to find support. Beans make new lows despite positive export news. I’m on the sidelines. ... mehr

The Nemenoff Report - Possible Scotish independence, Pound drops vs. Dollar

Marc Nemenoff I PRICE Group - Commodities - 09.09.2014
Financials: Dec. Bonds are currently 13 lower at 137’18, the 10 Yr. Note 10 lower at 124’20.5 and the 5 Yr. Note 7 lower at 118’06.5. Rates appear to be starting to edge up as the 10 Yr. yield once again approaches the 2.5% level. We remain spread long the June 2015 Eurodollar/short the June 2017 which has moved a bit in our favor going from 184 premium the June 2015 to 196. Our current objective is 202 premium the June 2015. Grains: Dec. Corn is currently 2’2 lower at 346’0, Nov. Beans 5’4 lower at 1003’0 and Dec. Wheat 4’2 lower at 529’2. We remain long Dec. Corn with a close protective sell stop at 343’0. ... mehr

Possible Scotish independence, Pound drops vs. Dollar

Marc Nemenoff I PRICE Group - ltfutures - 09.09.2014
Financials: Dec. Bonds are currently 13 lower at 137’18, the 10 Yr. Note 10 lower at 124’20.5 and the 5 Yr. Note 7 lower at 118’06.5. Rates appear to be starting to edge up as the 10 Yr. yield once again approaches the 2.5% level. We remain spread long the June 2015 Eurodollar/short the June 2017 which has moved a bit in our favor going from 184 premium the June 2015 to 196. Our current objective is 202 premium the June 2015. Grains: Dec. Corn is currently 2’2 lower at 346’0, Nov. Beans 5’4 lower at 1003’0 and Dec. Wheat 4’2 lower at 529’2. We remain long Dec. Corn with a close protective sell stop at 343’0. ... mehr

The Nemenoff Report - Live Cattle prices begin to stabilize

Marc Nemenoff I PRICE Group - Commodities - 14.08.2014
Financials: Sept. Bonds are currently 12 higher at 139’27, 10 Yr. Notes 5.5 higher at 126’10 and the 5 Yr. Note 2.5 higher at 119’28.2. Weekly Jobless Claims were up by 21,000 vs. expectations of an increase of 5,000. The long 10 Yr./short Bond spread is currently at 13’16 (we are still in this trade) and has traded as low as 12’26 and as high at 13’21 over the last few sessions. I am also once again watching the long June 2015/short June 2017 Eurodollar spread currently trading at 1.85 premium the June 2015. I am willing to do this spread below the 182 level with a 16 point ($400) risk. ... mehr

The Nemenoff Report - Live Cattle prices begin to stabilize

Marc Nemenoff I PRICE Group - ltfutures - 14.08.2014
Financials: Sept. Bonds are currently 12 higher at 139’27, 10 Yr. Notes 5.5 higher at 126’10 and the 5 Yr. Note 2.5 higher at 119’28.2. Weekly Jobless Claims were up by 21,000 vs. expectations of an increase of 5,000. The long 10 Yr./short Bond spread is currently at 13’16 (we are still in this trade) and has traded as low as 12’26 and as high at 13’21 over the last few sessions. I am also once again watching the long June 2015/short June 2017 Eurodollar spread currently trading at 1.85 premium the June 2015. I am willing to do this spread below the 182 level with a 16 point ($400) risk. ... mehr

The Nemenoff Report - Cattle break sharply on Russian actions. Equities rally

Marc Nemenoff I PRICE Group - Commodities - 11.08.2014
Financials: Sept. Bonds are currently 3 lower at 139’10, 10 Yr. Notes 2 lower at 125’29 and 5 Yr. Notes 0.5 lower at 119’19.0. These markets have been quite volatile (Bonds rallied as high as 140’11 on Friday) as the markets flip-flopped on every bit of news concerning Russia-Ukraine, Iraq, Israel-Gaza hit the market. Yields on the widely watched 10 Yr. Note drop to 2.38% before bouncing back to 2.42%. The market for the moment seems to care more about Russia (sanctions and military games) than the mid-east. ... mehr

The Nemenoff Report - Cattle break sharply on Russian actions. Equities rally

Marc Nemenoff I PRICE Group - ltfutures - 11.08.2014
Financials: Sept. Bonds are currently 3 lower at 139’10, 10 Yr. Notes 2 lower at 125’29 and 5 Yr. Notes 0.5 lower at 119’19.0. These markets have been quite volatile (Bonds rallied as high as 140’11 on Friday) as the markets flip-flopped on every bit of news concerning Russia-Ukraine, Iraq, Israel-Gaza hit the market. Yields on the widely watched 10 Yr. Note drop to 2.38% before bouncing back to 2.42%. The market for the moment seems to care more about Russia (sanctions and military games) than the mid-east. ... mehr

The Nemenoff Report - Argentina defaults. Bonds, equities, gold, eurofx all lower.

Marc Nemenoff I PRICE Group - Commodities - 31.07.2014
Financials: Sept. Bonds are currently 28 lower at 136’20, 10 Yr. Notes 10 lower at 124’11 and 5 Yr. Notes 5 lower at 118’21. Weekly Jobless Claims this morning were in the range of expectations being up by 23,000. Yesterday the FOMC left rates unchanged, continued paring the monthly purchase of Bonds and mortgage backed securities by 10 billion and signaled an end to quantitative easing down the road. We remain spread long 10 Yr. Notes/short Bonds which is finally a few ticks our way trading at 12’08 premium the Bonds. Yesterday’s support level of 137’18 in the Bonds has been handily broken. Of note: Argentina defaults for the second time in 13 years. ... mehr

The Nemenoff Report - Argentina defaults. Bonds, equities, gold, eurofx all lower.

Marc Nemenoff I PRICE Group - ltfutures - 31.07.2014
Financials: Sept. Bonds are currently 28 lower at 136’20, 10 Yr. Notes 10 lower at 124’11 and 5 Yr. Notes 5 lower at 118’21. Weekly Jobless Claims this morning were in the range of expectations being up by 23,000. Yesterday the FOMC left rates unchanged, continued paring the monthly purchase of Bonds and mortgage backed securities by 10 billion and signaled an end to quantitative easing down the road. We remain spread long 10 Yr. Notes/short Bonds which is finally a few ticks our way trading at 12’08 premium the Bonds. Yesterday’s support level of 137’18 in the Bonds has been handily broken. Of note: Argentina defaults for the second time in 13 years. ... mehr

The Nemenoff Report - Monday’s large Gold sale breaks precious metals market

Marc Nemenoff I PRICE Group - Commodities - 15.07.2014
Financials: Sept. Bonds are currently 1 higher at 136’30, 10 Yr. Notes unchanged at 124’31 and 5 Yr. Notes fractionally lower at 119’05.7. Retail sales this morning were slightly disappointing rising 0.2% vs. average expectations of an increase of 0.6%. NY Fed Manufacturing Index was better than expected at 25.6 vs. June’s 19.28. The result was tepid moving the Bonds only a couple of ticks to the downside. Today Fed Chairwoman Yellen will speak to Congress later this morning as the market awaits clues to the ending of Quanitative Easing and when rates will (if) begin to rise. ... mehr

The Nemenoff Report - Monday’s large Gold sale breaks precious metals market

Marc Nemenoff I PRICE Group - ltfutures - 15.07.2014
Financials: Sept. Bonds are currently 1 higher at 136’30, 10 Yr. Notes unchanged at 124’31 and 5 Yr. Notes fractionally lower at 119’05.7. Retail sales this morning were slightly disappointing rising 0.2% vs. average expectations of an increase of 0.6%. NY Fed Manufacturing Index was better than expected at 25.6 vs. June’s 19.28. The result was tepid moving the Bonds only a couple of ticks to the downside. Today Fed Chairwoman Yellen will speak to Congress later this morning as the market awaits clues to the ending of Quanitative Easing and when rates will (if) begin to rise. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Lower

Marc Nemenoff I PRICE Group - Commodities - 03.07.2014
Financials: Sept. Bonds are currently 19 lower at 134’21, 10 Yr. Notes 12 lower at 124’01 and the 5 Yr. Note7 lower at 118’25.5. This mornings Monthly Unemployment Report showed an increase in non-farm payrolls of 288,00 much better than the expected estimate of 215,000. The unemployment rate dropped tov 6.1% from 6.3%. Support of 135’08 was handily penetrate on the number which pushed the Bonds to a low of 134’11. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Lower

Marc Nemenoff I PRICE Group - ltfutures - 03.07.2014
Financials: Sept. Bonds are currently 19 lower at 134’21, 10 Yr. Notes 12 lower at 124’01 and the 5 Yr. Note7 lower at 118’25.5. This mornings Monthly Unemployment Report showed an increase in non-farm payrolls of 288,00 much better than the expected estimate of 215,000. The unemployment rate dropped tov 6.1% from 6.3%. Support of 135’08 was handily penetrate on the number which pushed the Bonds to a low of 134’11. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower

Marc Nemenoff I PRICE Group - Commodities - 25.06.2014
Financials: Sept. Bonds are currently 24 higher at 136’25, 10 Yr. Notes15 higher at 125’01 and the 5 Yr. Notes 10 higher at 119’19. This morning: GDP -2.9% vs. expectations of -2.0%, Consumer Spending +1.0% vs. expectations of +1.9% and Durable Goods -1.0% vs. unchanged. These figures were unexpectedly negative to the economy resulting in higher prices (lower yield) for interest rate vehicles. Bonds are trading above this weeks resistance of 136’08 putting the next significant resistance level at 137’16. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower

Marc Nemenoff I PRICE Group - ltfutures - 25.06.2014
Financials: Sept. Bonds are currently 24 higher at 136’25, 10 Yr. Notes15 higher at 125’01 and the 5 Yr. Notes 10 higher at 119’19. This morning: GDP -2.9% vs. expectations of -2.0%, Consumer Spending +1.0% vs. expectations of +1.9% and Durable Goods -1.0% vs. unchanged. These figures were unexpectedly negative to the economy resulting in higher prices (lower yield) for interest rate vehicles. Bonds are trading above this weeks resistance of 136’08 putting the next significant resistance level at 137’16. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver higher

Marc Nemenoff I PRICE Group - Commodities - 02.06.2014
Financials: Sept. Bonds are currently 16 lower at 136’15, the 10 Yr. Note 11 lower at 125’05.5 and the 5 Yr. Note 4.7 lower at 119’19.5. Reports due out this week: ISM Index, Factory Orders, Trade Balance, Export Sales, Initial Jobless Claims (Thurs.) and Monthly Unemployment (Fri.) We remain spread long 5 Yr. Notes/short 10 Yr. Notes and long June 2015 Eurodollars/short June 2017 Eurodollars. We also remain net short Eurodollars. Friday’s Unemployment number will be watched closely and could be a game changer for both equities and Bonds if the number is below 150K or above 270K. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver higher

Marc Nemenoff I PRICE Group - ltfutures - 02.06.2014
Financials: Sept. Bonds are currently 16 lower at 136’15, the 10 Yr. Note 11 lower at 125’05.5 and the 5 Yr. Note 4.7 lower at 119’19.5. Reports due out this week: ISM Index, Factory Orders, Trade Balance, Export Sales, Initial Jobless Claims (Thurs.) and Monthly Unemployment (Fri.) We remain spread long 5 Yr. Notes/short 10 Yr. Notes and long June 2015 Eurodollars/short June 2017 Eurodollars. We also remain net short Eurodollars. Friday’s Unemployment number will be watched closely and could be a game changer for both equities and Bonds if the number is below 150K or above 270K. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher

Marc Nemenoff I PRICE Group - Commodities - 12.05.2014
Financials: June Bonds are currently 5 lower at 135’19, the 10 Yr. 5 lower at 124’27.0 and the 5 Yr. 3.5 lower at 119’21.5. We remain spread long the 5 Yr./short the 10 Yr. Notes. If you have any remaining long 10 Yr./short Bond spreads I have recommended taking the loss. We remain short Eurodollar futures in Dec. 2014 and March and June 2015 contracts. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher

Marc Nemenoff I PRICE Group - ltfutures - 12.05.2014
Financials: June Bonds are currently 5 lower at 135’19, the 10 Yr. 5 lower at 124’27.0 and the 5 Yr. 3.5 lower at 119’21.5. We remain spread long the 5 Yr./short the 10 Yr. Notes. If you have any remaining long 10 Yr./short Bond spreads I have recommended taking the loss. We remain short Eurodollar futures in Dec. 2014 and March and June 2015 contracts. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - Commodities - 30.04.2014
Financials: June Bonds are currently 2 lower at 134’10, the 10 Yr. Note 5 higher at 124’05 and the 5 Yr. Note 6 higher 119’10.7. We remain spread either long 10 Yr. Notes/short Bonds or long 5 Yr. Notes/short 10 Yr. Notes going into today’s FOMC meeting, of which there should be an announcement on rates around 1:00 Chicago time.For the short term support on Bonds is 133’20 and resistance 135’12. Grains: July Corn is currently 4’0 lower at 517’4 and Dec. 3’4 lower at 508’6. July Beans are 5’6 lower at 1511’6 and Nov. 2’4 lower at 1245’4. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - ltfutures - 30.04.2014
Financials: June Bonds are currently 2 lower at 134’10, the 10 Yr. Note 5 higher at 124’05 and the 5 Yr. Note 6 higher 119’10.7. We remain spread either long 10 Yr. Notes/short Bonds or long 5 Yr. Notes/short 10 Yr. Notes going into today’s FOMC meeting, of which there should be an announcement on rates around 1:00 Chicago time.For the short term support on Bonds is 133’20 and resistance 135’12. Grains: July Corn is currently 4’0 lower at 517’4 and Dec. 3’4 lower at 508’6. July Beans are 5’6 lower at 1511’6 and Nov. 2’4 lower at 1245’4. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - Commodities - 21.04.2014
Financials: June Bonds are currently 5 lower at 133’24 and the 10 Yr. Notes 1 lower at 123’23. We continue to hold the long 10 Yr. Note/ short Bond spread, currently trading at 10’01. We remain short Dec. 2014 and Mar. 2015 Eurodollars. Support on the Bonds remains just under the 133’00 level and resistance has been lowered to the 135’06 area from last week’s 135’16-136’00 level. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - ltfutures - 21.04.2014
Financials: June Bonds are currently 5 lower at 133’24 and the 10 Yr. Notes 1 lower at 123’23. We continue to hold the long 10 Yr. Note/ short Bond spread, currently trading at 10’01. We remain short Dec. 2014 and Mar. 2015 Eurodollars. Support on the Bonds remains just under the 133’00 level and resistance has been lowered to the 135’06 area from last week’s 135’16-136’00 level. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - Commodities - 07.04.2014
Financials: June Bonds are currently 3 higher at 133’02 and the 10 Yr. Notes 2 higher at 123’23.5. We remain spread long 10 Yr. Notes/short Bonds which is currently trading at 9’11 premium the Bonds. We continue to hold short biased Eurodollar positions. Grains: May Corn is currently 2’0 lower at 499’6 and Dec. 0’6 lower at 506’0. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - ltfutures - 07.04.2014
Financials: June Bonds are currently 3 higher at 133’02 and the 10 Yr. Notes 2 higher at 123’23.5. We remain spread long 10 Yr. Notes/short Bonds which is currently trading at 9’11 premium the Bonds. We continue to hold short biased Eurodollar positions. Grains: May Corn is currently 2’0 lower at 499’6 and Dec. 0’6 lower at 506’0. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - Commodities - 04.04.2014
Financials: June Bonds are currently up 8 at 132’15 and the 10 Yr. Notes 12 higher at 123’11. We continue to hold the long 10 Yr. Note/short Bond spread which is currently trading at 9’04 premium the Bonds. We continue to hold short biased positions in Dec. and March Eurodollars. This morning’s Unemployment Report showed an increase in non-farm payrolls of 192,000 vs. average pre-report estimates of 203,000. February’s report was revised upwards to 197,000 from 175,000. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - ltfutures - 04.04.2014
Financials: June Bonds are currently up 8 at 132’15 and the 10 Yr. Notes 12 higher at 123’11. We continue to hold the long 10 Yr. Note/short Bond spread which is currently trading at 9’04 premium the Bonds. We continue to hold short biased positions in Dec. and March Eurodollars. This morning’s Unemployment Report showed an increase in non-farm payrolls of 192,000 vs. average pre-report estimates of 203,000. February’s report was revised upwards to 197,000 from 175,000. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower

Marc Nemenoff I PRICE Group - Commodities - 27.03.2014
Financials: June Bonds are currently 5 higher at 133’24 and the 10 Yr. Note 3 lower at 123’22.5. The long 10 Yr./ short Bond spread is now trading at 10’01 premium the Bonds putting current losses at $1500. I’m going to stay with the spread for the moment ,but, will have an exit strategy next week if the spread does not bounce back by at least 10-15 points. Grains: May Corn is currently 1’2 higher at 485’6, May Beans 7’0 higher at 1443’4 and May Wheat 3’4 lower at 692’6. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower

Marc Nemenoff I PRICE Group - ltfutures - 27.03.2014
Financials: June Bonds are currently 5 higher at 133’24 and the 10 Yr. Note 3 lower at 123’22.5. The long 10 Yr./ short Bond spread is now trading at 10’01 premium the Bonds putting current losses at $1500. I’m going to stay with the spread for the moment ,but, will have an exit strategy next week if the spread does not bounce back by at least 10-15 points. Grains: May Corn is currently 1’2 higher at 485’6, May Beans 7’0 higher at 1443’4 and May Wheat 3’4 lower at 692’6. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - Commodities - 24.03.2014
Financials: June Bonds are currently 10 lower at 132’12 and the 10 Yr. Notes 8.5 lower at 123’05.5. The long 10 Yr. Note/short Bond spread is currently trading at 9’06 premium the Bonds putting us at a 20+ point loss ($600+). I’m going to stay with the spread for the moment, though I must admit I am a bit confuses as to why the 10 Yr. Note has lost ground to not only the Bonds but also the 5 and 2 Yr. Notes. As for Eurodollars which are currently 1-3 lower, if you are short the June 2015 or further deffered contracts, take some profits. If you are short either Dec. 2014 or Mar. 2015 be prepared to take some profit 4 points below the market. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - ltfutures - 24.03.2014
Financials: June Bonds are currently 10 lower at 132’12 and the 10 Yr. Notes 8.5 lower at 123’05.5. The long 10 Yr. Note/short Bond spread is currently trading at 9’06 premium the Bonds putting us at a 20+ point loss ($600+). I’m going to stay with the spread for the moment, though I must admit I am a bit confuses as to why the 10 Yr. Note has lost ground to not only the Bonds but also the 5 and 2 Yr. Notes. As for Eurodollars which are currently 1-3 lower, if you are short the June 2015 or further deffered contracts, take some profits. If you are short either Dec. 2014 or Mar. 2015 be prepared to take some profit 4 points below the market. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - Commodities - 19.03.2014
Financials: June Bonds are currently 4 lower at 132’27 and the 10 Yr. Notes 4 lower at 124’11. We continue to hold the long 10 Yr. Note/short Bond spread which is currently trading at 8’16 premium the Bonds. If the spread should trade below 7’28 this afternoon after the FOMC take profits. We continue to hold short biased Eurodollar positiopns. Traders will be paying close attention to the FOMC meeting to see if “paring” is continued and if forward guidance indicates a slight rise in interest rates. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - ltfutures - 19.03.2014
Financials: June Bonds are currently 4 lower at 132’27 and the 10 Yr. Notes 4 lower at 124’11. We continue to hold the long 10 Yr. Note/short Bond spread which is currently trading at 8’16 premium the Bonds. If the spread should trade below 7’28 this afternoon after the FOMC take profits. We continue to hold short biased Eurodollar positiopns. Traders will be paying close attention to the FOMC meeting to see if “paring” is continued and if forward guidance indicates a slight rise in interest rates. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - Commodities - 18.03.2014
Financials: June Bonds are currently unchanged at 132’25 and June 10 Yr. Notes 0’01 higher at 124’10.0. The long 10 Yr. Note/ short Bond spread is currently at 8’15, right at our entry level for this positions. We continue to hold short biased positions in Eurodollars. FOMC meeting today and tomorrow. New Fed Chairman Janet Yellen will speak today. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - ltfutures - 18.03.2014
Financials: June Bonds are currently unchanged at 132’25 and June 10 Yr. Notes 0’01 higher at 124’10.0. The long 10 Yr. Note/ short Bond spread is currently at 8’15, right at our entry level for this positions. We continue to hold short biased positions in Eurodollars. FOMC meeting today and tomorrow. New Fed Chairman Janet Yellen will speak today. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - Commodities - 14.03.2014
Financials: June Bonds are currently 20 higher at 133’30 and the 10 Yr. Note 10 higher at 124’30. The long 10 Yr. Note/short Bond spread is currently at 8’30 premium the Bonds. Yesterday we iniated this spread at 8’16 premium the Bonds or better. We continue to hold short biased Eurodollar futures and options positions. PPI this morning was down 0.1% vs. prereport estimates of +0.2% indicating a bit of deflation. Yesterday the rates dropped as traders sought a haven of safety because of concerns over China’s weakening economy and the Russian/Ukraine situation. I feel the Bonds and notes are over bought and will try short term trades from the sell side of the market. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - ltfutures - 14.03.2014
Financials: June Bonds are currently 20 higher at 133’30 and the 10 Yr. Note 10 higher at 124’30. The long 10 Yr. Note/short Bond spread is currently at 8’30 premium the Bonds. Yesterday we iniated this spread at 8’16 premium the Bonds or better. We continue to hold short biased Eurodollar futures and options positions. PPI this morning was down 0.1% vs. prereport estimates of +0.2% indicating a bit of deflation. Yesterday the rates dropped as traders sought a haven of safety because of concerns over China’s weakening economy and the Russian/Ukraine situation. I feel the Bonds and notes are over bought and will try short term trades from the sell side of the market. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - Commodities - 13.03.2014
Financials: June Bonds are currently 9 lower at 131’28 and the 10 Yr. Note 5 lower at 123’29. The long 10 Yr. Note/short Bond spread is currently trading at 8’00 premium the Bonds. I am once again following this spread and will be willing to go long Notes/short Bonds at 8’15 premium the Bonds. Eurodollars are fractionally lower. We continue to hold short biased positions in Eurodollar futures and options. This mornings Weekly Jobless Claims showed a decline of 9,000 vs. expectations of an increase of 6,000. Retail Sales were up 0.3% vs. expectations of +0.2%. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - ltfutures - 13.03.2014
Financials: June Bonds are currently 9 lower at 131’28 and the 10 Yr. Note 5 lower at 123’29. The long 10 Yr. Note/short Bond spread is currently trading at 8’00 premium the Bonds. I am once again following this spread and will be willing to go long Notes/short Bonds at 8’15 premium the Bonds. Eurodollars are fractionally lower. We continue to hold short biased positions in Eurodollar futures and options. This mornings Weekly Jobless Claims showed a decline of 9,000 vs. expectations of an increase of 6,000. Retail Sales were up 0.3% vs. expectations of +0.2%. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - ltfutures - 11.03.2014
Financials: Jun. Bonds are currently unchanged at 131’06 and the 10 Yr. Notes 1.5 lower at 123’19.5. Eurodollars are unchanged. The long 10 Yr. Note/short Bond spread is currently 7’18 premium the Bonds. We have liquidated this spread, originally iniated at 7’27 premium the Bonds. We remain short Eurodollars and/or near the money puts in either Dec. 2014, Mar. or June 2015 contracts. As for Bonds, I am currently on the sidelines watching the Ukraine situation which I feel presents too many unknowns to take a position at this time. For short term traders, support is currently 130’18 and resistance 133’10. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - ltfutures - 11.03.2014
Financials: Jun. Bonds are currently unchanged at 131’06 and the 10 Yr. Notes 1.5 lower at 123’19.5. Eurodollars are unchanged. The long 10 Yr. Note/short Bond spread is currently 7’18 premium the Bonds. We have liquidated this spread, originally iniated at 7’27 premium the Bonds. We remain short Eurodollars and/or near the money puts in either Dec. 2014, Mar. or June 2015 contracts. As for Bonds, I am currently on the sidelines watching the Ukraine situation which I feel presents too many unknowns to take a position at this time. For short term traders, support is currently 130’18 and resistance 133’10. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher

Marc Nemenoff I PRICE Group - Commodities - 05.03.2014
Financials: June Bonds are currently 5 lower at 132’08 and the 10 Yr. Note 5 lower at 124’05.5. The long 10 Yr. Note/short Bond spread is currently at 8’02 premium the Bonds. Eurodollars are slightly lower. The Bond market has been following Soviet troop movements, rallying sharply as troops neared Ukraine and Crimea and falling as they retreated. I believe this situation is not over and will add to volatility over the coming weeks. Life is too short, I am going to exit the long 10 Yr./short Bond (NOB) spread with a minimal loss and look for short term trades in the Bonds between 131’15 and 133’15. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher

Marc Nemenoff I PRICE Group - ltfutures - 05.03.2014
Financials: June Bonds are currently 5 lower at 132’08 and the 10 Yr. Note 5 lower at 124’05.5. The long 10 Yr. Note/short Bond spread is currently at 8’02 premium the Bonds. Eurodollars are slightly lower. The Bond market has been following Soviet troop movements, rallying sharply as troops neared Ukraine and Crimea and falling as they retreated. I believe this situation is not over and will add to volatility over the coming weeks. Life is too short, I am going to exit the long 10 Yr./short Bond (NOB) spread with a minimal loss and look for short term trades in the Bonds between 131’15 and 133’15. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher

Marc Nemenoff I PRICE Group - Commodities - 03.03.2014
Financials: June Bonds are currently 22 higher at 133’24 and the 10 Yr. Note 12 higher at 124’29. The long 10 Yr. Note/short Bond spread is currently about 1’00 point against us at 8’27. The situation in the Ukraine has resulted in a flight to safety into U.S. trasuries over the last few sessions. For the moment I am willing to sit with this position and see how it plays out. Eurodollars are steady to slightly higher with deferred contracts gaining on nearby. We remain short Eurodollars in either late 2014 or 2015 contracts and/or long near the money puts. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher

Marc Nemenoff I PRICE Group - ltfutures - 03.03.2014
Financials: June Bonds are currently 22 higher at 133’24 and the 10 Yr. Note 12 higher at 124’29. The long 10 Yr. Note/short Bond spread is currently about 1’00 point against us at 8’27. The situation in the Ukraine has resulted in a flight to safety into U.S. trasuries over the last few sessions. For the moment I am willing to sit with this position and see how it plays out. Eurodollars are steady to slightly higher with deferred contracts gaining on nearby. We remain short Eurodollars in either late 2014 or 2015 contracts and/or long near the money puts. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher

Marc Nemenoff I PRICE Group - Commodities - 18.02.2014
Financials: Mar. Bonds are currently 10 higher at 133’07 and the 10 Yr. Note 6 higher at 125’25.5. Eurodollars are steady. The long 10 Yr. Note/short Bond spread is currently trading at 7’13 premium the Bonds. I am looking to re-instate this spread at 7’27 premium the Bonds if the opporunity arises. We remain short Eurodollars and/or near the money puts. PPI, CPI and Housing stats out later this week. I expect to see some indication of higher than expected inflation numbers. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher

Marc Nemenoff I PRICE Group - ltfutures - 18.02.2014
Financials: Mar. Bonds are currently 10 higher at 133’07 and the 10 Yr. Note 6 higher at 125’25.5. Eurodollars are steady. The long 10 Yr. Note/short Bond spread is currently trading at 7’13 premium the Bonds. I am looking to re-instate this spread at 7’27 premium the Bonds if the opporunity arises. We remain short Eurodollars and/or near the money puts. PPI, CPI and Housing stats out later this week. I expect to see some indication of higher than expected inflation numbers. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher

Marc Nemenoff I PRICE Group - Commodities - 14.02.2014
Financials: Mar. Bonds are currently 2 higher at 133’02 and the 10 Yr. Notes unchanged at 125’24.0. Eurodollars are steady. The long 10 Yr. Note/short Bond spread is trading at 7’10 premium the Bonds. If you remain in this spread I would be inclined to stay the course looking for profit taking opportunities. January Import Prices rose 0.1% vs. expectations of a drop of 0.2%. We remain short Eurodollars and/or long out of the money puts. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher

Marc Nemenoff I PRICE Group - ltfutures - 14.02.2014
Financials: Mar. Bonds are currently 2 higher at 133’02 and the 10 Yr. Notes unchanged at 125’24.0. Eurodollars are steady. The long 10 Yr. Note/short Bond spread is trading at 7’10 premium the Bonds. If you remain in this spread I would be inclined to stay the course looking for profit taking opportunities. January Import Prices rose 0.1% vs. expectations of a drop of 0.2%. We remain short Eurodollars and/or long out of the money puts. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower

Marc Nemenoff I PRICE Group - Commodities - 13.02.2014
Financials: Mar. Bonds are currently 23 higher at 132’31 and the 10 Yr. Notes 13 higher at 125’21.5. The long 10 Yr. Note/short Bond spread is currently trading at 7’09 premium the Bonds. This morning’s Weekly Jobless Claims report showed an increase of 8,000 vs. expectations of a drop of 1,000. Retail Sales dropped 0.4% vs. expectations of an increase of 0.1%. Needless to say, somewhat disappointing. Yesterday the long 10 Yr. Note/short Bond spread gave us a profit taking opportunity trading below the 7’00 premium the Bonds level, trading as low as 6’29. We remain short Eurodollars and/or long near the money puts. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower

Marc Nemenoff I PRICE Group - ltfutures - 13.02.2014
Financials: Mar. Bonds are currently 23 higher at 132’31 and the 10 Yr. Notes 13 higher at 125’21.5. The long 10 Yr. Note/short Bond spread is currently trading at 7’09 premium the Bonds. This morning’s Weekly Jobless Claims report showed an increase of 8,000 vs. expectations of a drop of 1,000. Retail Sales dropped 0.4% vs. expectations of an increase of 0.1%. Needless to say, somewhat disappointing. Yesterday the long 10 Yr. Note/short Bond spread gave us a profit taking opportunity trading below the 7’00 premium the Bonds level, trading as low as 6’29. We remain short Eurodollars and/or long near the money puts. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher

Marc Nemenoff I PRICE Group - Commodities - 11.02.2014
Financials: Mar. Bonds are currently 4 lower at 133’05 and the 10 Yr. Note 0’02.5 lower at 125’28.5. The long 10 Yr. Note/short Bond spread is trading at 7’08 premium the Bonds. Eurodollar futures are currently 1-2 lower. Fed Chairman Yellen will make her first appearance before congressional committee this morning. It is expected that she will continue current policy of “paring” and state that we are seeing growth, albeit slower than we would like, and that job growth is continuing. We remain spread long 10 Yr. Notes/ short Bonds and will take profits below the 7’00 level premium the Bonds. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher

Marc Nemenoff I PRICE Group - ltfutures - 11.02.2014
Financials: Mar. Bonds are currently 4 lower at 133’05 and the 10 Yr. Note 0’02.5 lower at 125’28.5. The long 10 Yr. Note/short Bond spread is trading at 7’08 premium the Bonds. Eurodollar futures are currently 1-2 lower. Fed Chairman Yellen will make her first appearance before congressional committee this morning. It is expected that she will continue current policy of “paring” and state that we are seeing growth, albeit slower than we would like, and that job growth is continuing. We remain spread long 10 Yr. Notes/ short Bonds and will take profits below the 7’00 level premium the Bonds. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver higher

Marc Nemenoff I PRICE Group - Commodities - 06.02.2014
Financials: Mar. Bonds are currently 3 lower at 133’10 and the 10 Yr. Note 5.5 lower at 125’22.5. In the past 2 sessions the long 10 Yr. Note/short Bond spread has narrowed by about 25 points to to 7’19 premium the Bonds, close to our initial entry position on the spread. I will be looking to take profits if the spread trades below 6’28 premium the Bonds. This mornings Weekly Jobless Claims dropped by 20,000, slightly more than the expected decrease of 16,000. Yesterday we covered the short put leg of the combination of short Eurodollar futures and short near the money puts leaving us short only the futures. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver higher

Marc Nemenoff I PRICE Group - ltfutures - 06.02.2014
Financials: Mar. Bonds are currently 3 lower at 133’10 and the 10 Yr. Note 5.5 lower at 125’22.5. In the past 2 sessions the long 10 Yr. Note/short Bond spread has narrowed by about 25 points to to 7’19 premium the Bonds, close to our initial entry position on the spread. I will be looking to take profits if the spread trades below 6’28 premium the Bonds. This mornings Weekly Jobless Claims dropped by 20,000, slightly more than the expected decrease of 16,000. Yesterday we covered the short put leg of the combination of short Eurodollar futures and short near the money puts leaving us short only the futures. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher

Marc Nemenoff I PRICE Group - Commodities - 05.02.2014
Financials: Mar. Bonds are currently 5 higher at 134’10 and the 10 Yr. Notes 6 higher at 126’10.5. The ADP Private Sector Jobs Survey showed an increase of 177,000. This was a somewhat diappointing number as many industry analysts were looking for an increase of 220,000+. Many traders consider the ADP number to be a precursor the Monthly Jobs Number which will be out Friday morning. We continue to hold the long 10 Yr. Note/short Bond spread and the combination of short Eurodollars and short near the money puts. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher

Marc Nemenoff I PRICE Group - ltfutures - 05.02.2014
Financials: Mar. Bonds are currently 5 higher at 134’10 and the 10 Yr. Notes 6 higher at 126’10.5. The ADP Private Sector Jobs Survey showed an increase of 177,000. This was a somewhat diappointing number as many industry analysts were looking for an increase of 220,000+. Many traders consider the ADP number to be a precursor the Monthly Jobs Number which will be out Friday morning. We continue to hold the long 10 Yr. Note/short Bond spread and the combination of short Eurodollars and short near the money puts. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - Commodities - 04.02.2014
Financials: Mar. Bonds are currently 14 lower at 134’16 and the 10 Yr. Notes 6.5 lower at 126’07. Yesterday mornings ISM Manufacturing Index came in at a disappointing 51.3 vs. expectations of 56.0 and compared to December’s number of 56.5. This caused an exit from equities and a “flight to safety” into treasuries. Bond’s made a high of 135’03 putting the yield for the 30 Yr. under 3.68% and the yield on the 10 Yr. at 2.65%. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - ltfutures - 04.02.2014
Financials: Mar. Bonds are currently 14 lower at 134’16 and the 10 Yr. Notes 6.5 lower at 126’07. Yesterday mornings ISM Manufacturing Index came in at a disappointing 51.3 vs. expectations of 56.0 and compared to December’s number of 56.5. This caused an exit from equities and a “flight to safety” into treasuries. Bond’s made a high of 135’03 putting the yield for the 30 Yr. under 3.68% and the yield on the 10 Yr. at 2.65%. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower

Marc Nemenoff I PRICE Group - Commodities - 31.01.2014
Financials: Mar. Bonds are currently 18 higher at 133’27 and the 10 Yr. Note 11 higher at 125’25. Eurodollars are 2-5 higher with deferred contracts gaining on nearby contracts. Disappointing corporate earnings and continued flight to safety because of weakness in emerging economies have boosted these markets this morning. We continue to hold the long 10 Yr./short Bond spread and the combination of short Eurodollar futures and short near the money puts. Of note: I think it’s time to start paying attetion to yield curve spreads. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower

Marc Nemenoff I PRICE Group - ltfutures - 31.01.2014
Financials: Mar. Bonds are currently 18 higher at 133’27 and the 10 Yr. Note 11 higher at 125’25. Eurodollars are 2-5 higher with deferred contracts gaining on nearby contracts. Disappointing corporate earnings and continued flight to safety because of weakness in emerging economies have boosted these markets this morning. We continue to hold the long 10 Yr./short Bond spread and the combination of short Eurodollar futures and short near the money puts. Of note: I think it’s time to start paying attetion to yield curve spreads. ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - Commodities - 30.01.2014
Financials: Mar. Bonds are currently 9 lower at 133’09 and the 10 Yr. Notes 6 lower at 125’14. Eurodollars are slightly lower.As expected the FOMC unanimously decided to scale back another $10 billion in monthly Bond purchases to $65B. The market eventually rallied to new recent highs on what I feel was more a flight to safety due to emerging market economic problems than the “paring”. This mornings weekly jobless claims were up a diappointing 19,000 vs expectations of up only 2,000. We remain spread long 10 Yr. Notes/short Bonds which is currently against us by about 16 points ($500). ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower

Marc Nemenoff I PRICE Group - ltfutures - 30.01.2014
Financials: Mar. Bonds are currently 9 lower at 133’09 and the 10 Yr. Notes 6 lower at 125’14. Eurodollars are slightly lower.As expected the FOMC unanimously decided to scale back another $10 billion in monthly Bond purchases to $65B. The market eventually rallied to new recent highs on what I feel was more a flight to safety due to emerging market economic problems than the “paring”. This mornings weekly jobless claims were up a diappointing 19,000 vs expectations of up only 2,000. We remain spread long 10 Yr. Notes/short Bonds which is currently against us by about 16 points ($500). ... mehr

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher

Marc Nemenoff I PRICE Group - Commodities - 29.01.2014
Financials: Mar. Bonds are currently 3 higher at 132’28 and the 10 Yr. Note 8 higher at 125’10.5. FOMC completes it’s two day meeting today and it is expected that paring (cutting back on monthly stimulus purchases of Bonds and Mortgage securities) will continue. Overnight Turkey raised the rates on over night funds to about 12% which is more than expected. It is assumed by industry pundits that more emerging economies will follow suit. In fact I’ve just been told by a colleague (uncomfirmed) that S. Africa has raised rates. I continue to recommend the long 10 Yr. Note/short Bond spread. ... mehr

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher

Marc Nemenoff I PRICE Group - ltfutures - 29.01.2014
Financials: Mar. Bonds are currently 3 higher at 132’28 and the 10 Yr. Note 8 higher at 125’10.5. FOMC completes it’s two day meeting today and it is expected that paring (cutting back on monthly stimulus purchases of Bonds and Mortgage securities) will continue. Overnight Turkey raised the rates on over night funds to about 12% which is more than expected. It is assumed by industry pundits that more emerging economies will follow suit. In fact I’ve just been told by a colleague (uncomfirmed) that S. Africa has raised rates. I continue to recommend 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 - Commodities - 27.01.2014
Financials: Mar. Bonds are currently 8 lower at 132’19 and the 10 Yr. Note 5.5 lower at 124’28.5. FOMC two day meeting starting tomorrow, traders will be watching to see if the Fed tapers another $10 billion to $65 billion a month in Bond and Mortgage Security purchases or continues with $75B matching last month’s purchases. In the last few week yields on both the 10 and 30 Yr. have dropped back about 25 basis points as emerging market economies chave once again indicated possible deficits rallying the Bonds 5’00+ points off the bottom. I’m not yet ready to go net short the Bonds or notes but have been recomending the long 10 Yr. note/short Bond spread from the 7’10 level (currently against us at 7’25). ... mehr

The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher

Marc Nemenoff I PRICE Group - ltfutures - 27.01.2014
Financials: Mar. Bonds are currently 8 lower at 132’19 and the 10 Yr. Note 5.5 lower at 124’28.5. FOMC two day meeting starting tomorrow, traders will be watching to see if the Fed tapers another $10 billion to $65 billion a month in Bond and Mortgage Security purchases or continues with $75B matching last month’s purchases. In the last few week yields on both the 10 and 30 Yr. have dropped back about 25 basis points as emerging market economies chave once again indicated possible deficits rallying the Bonds 5’00+ points off the bottom. I’m not yet ready to go net short the Bonds or notes but have been recomending the long 10 Yr. note/short Bond spread from the 7’10 level (currently against us at 7’25). ... mehr

The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Higher

Marc Nemenoff I PRICE Group - Commodities - 22.01.2014
Financials: Mar. Bonds are currently 7 lower at 131’06 and the 10 Yr. Note 9 lower at 124’03. Eurodollars are 1-4 lower with deferred contracts losing to the nearby. Yesterday the Bonds came close to the 132’00 resistance level topping out for the day at 131’20. At this time I am looking to do the long 10 Yr. Note/short Bond spread on rallies in the Bonds. For short term trades I will be a seller in either the 10 Yr. Notes or Bonds on rallies. We continue to hold the combination of short Eurodollar futures and short near the money puts. ... mehr

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