Marc Nemenoff
PRICE Futures Group
Financials: Mar. Bonds are currently 3’00 higher at 170’04, 10 Yr. Notes 1’08 higher at 132’24 and 5 Yr. Notes 24 higher at 122’11. Treasuries continue to rally in a flight to safety as rates tumble with the 30 Yr. Bond now yielding below 2.5 at 2.43%. We are unfortunately short June 2017 eurodollars and will re-evaluate this position. I am otherwise on the sidelines.
Grains: Mar. Corn is currently 0’2 lower at 360’0, Mar. Beans 1’4 higher at 863’6, Chi. Wheat 1’4 higher and KC Wheat 4’6 higher 469’2. I’m still holding the KC/Chi. Wheat spread. I recommend no new positions at this time.
Cattle: We were able to take profits on the long Aug./short Apr. LC spread at 13.375 and are headed to the sidelines.
Silver: Apr. Gold is currently 40.00 higher at 1235.00 and Mar. Silver 31 cents higher at 15.59. If you remain long either take profits or use a close stop.
S&P's: Mar. S&P’s are currently 33.00 lower at 1814.00. My downside targets have been met and I am on the sidelines for the day.
Currencies: We have taken profits on long Yen and short Dollar Index positions and are on the sidelines. Euro currently 63 higher at 1.1353, Yen 115 higher at 0.8920, Pound 133 lower at 1.4440 and Dollar Index 39 lower at 95.55.
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