Marc Nemenoff
PRICE Futures Group
Financials: Sept. Bonds are currently 5 higher at 138’23, 10 Yr. Notes 3 higher at 125’16 and the 5 Yr. Notes 2.5 higher at 119’10.2. Lack of any news or relief of Global tensions are keeping these markets in a tight range for the moment. We remain soread long 10 YR. Notes/short Bonds from the 12’16 area premium the Bonds (now at 13’06).
Grains: Dec. corn is currently fractionally higher at 369’0, Nov. Beans 2’6 higher at 1060’4 and Dec. Wheat 1’4 higher at 550’2. We remain long Dec. Corn with a protective sell stop at 363’2.
Cattle: We are currently on the sidelines.
Silver: Sept. Silver is currently 4 cents higher at 21.05 and Aug. gold 3.00 higher at 1309.50. We remain long Silver.
S&P's: Sept. S&P’s are currently 3.00 higher at 1978.00. Better than expected earning from tech related stocks are helping to keep markets at current near record levels. We continue to hold a combination of short futures and short the Sept. 1900 puts.
Currencies: As of this writing the Sept. Euro is currently steady at 1.3468, the Swiss 1 higher at 1.1087, the Yen 6 higher at 0.9867 and the Pound 27 lower at 1.7025. We continue to hold short biased positions in the Euro.
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