Marc Nemenoff
PRICE Futures Group
Financials: Mar. Bonds are currently 17 lower at 154’04, 10 Yr. Notes 6 higher at 126’14.5 and 5 Yr. NHotes 5 higher at 118’24.5. The targetting of a Russian jet near thew Turkish/Syrian border has sent the market into a risk off situation as the market heads for the safety of U. S. treasuries this morning. We remain spread long 3-5 Yr. NHotes/short 2- 10 Yr. Notes in the March 2016 contracts which is about $400 against us at this time. We are also spread long June 2016/short June 2017 Eurodollars from below the 63 point level, currently trading at 60.5 premium the June 2017 contract.
Grains: Dec. Corn is currently 2’0 lower at 365’2, Jan. Beans 1’0 higher at 865’2 and Dec. Wheat 4’2 lower at 490’6. We remain long Dec. Corn and will roll the position into the Mar. contract and use a protective sell stop in Mar. Corn at 359’4. If the market trades above 376’0, either take profits or raise your stop to 363’0. The long Mar. KC Wheat/short Mar. Chi. Wheat is currently at 18’4, our objective remains at even money.
Cattle: Yesterday Dec. LC closed 100+ higher and Feeders closed 50 higher. If you remain long LCZ from below the 128.00 level either take profits or use a protective sell stop in the 128.60 area. If the LCZ trades above 132.00 this morning (yesterday’s high was 132.70) either take profits or raise your stop to the 130.50 area.
Silver: Dec. Silver is currently 18 cents higher at 14.21. We remain long and will roll our position into the Mar. contract. Dec. Gold is currently 11.00 higher at 1078.00, we will roll long positions into either Feb. or Apr. contracts.
S&P's: Dec. S&P’s are currently 13.25 lower at 2071.00. Treat as a trading affair between 2056.00 and 2086.00.
Currencies: As of this writing the Dec. Euro is currently 32 higher at 1.0659, the Yen 21 higher at 0.8163 and the Pound 40 lower at 1.5074. If you went long the Euro below the 1.0650 level raise your stop to 1.0612 or take the small profit. If you went long the Yen in the 0.8125 area either take profits or raise your stop to your break even level. If the Yen trades above 0.8185 either take profits or raise your stop to 0.8138.
Futures and options trading involves substantial risk of loss and may not be suitable for everyone. The valuation of futures and options may fluctuate and as a result, clients may lose more than their original investment. In no event should the content of this website be construed as an express or implied promise, guarantee, or implication by or from The Price Futures Group, Inc. that you will profit or that losses can or will be limited whatsoever. Past performance is not indicative of future results. Information provided on this website is intended solely for informative purpose and is obtained from sources believed to be reliable. No guarantee of any kind is implied or possible where projections of future conditions are attempted.
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