|

Bonds are currently 15 lower at 159'27

Financials: Dec. Bonds are currently 15 lower at 159'27, 10 Yr .Notes 0'06.5 lower 128'18.0 and 5 Yr. Notes 0'03.75 lower at 118'24..75. Bonds rallied as equities stalled and may have put in a short term top. This rally put the Bonds into my recommended sell range of 159'28-160'08. If you sold the Bonds or shorter dated Notes use a 15 point stop from your entry level and/or a 10 point stop on either the 5 or 10 Yr. Notes.

Grains: Dec. Corn is currently 1'2 higher at 368'''0, Jan. Beans 2'4 higher at 907'4 and Dec. Wheat 3'0 higher at 518'4. Seeing as we are approaching first notice day I will be looking to trade March contracts and will start quoting the March in my next "Report", Corn is about a dime lower for the and is close to my recommended buy levels. I'll be a buyer in March Corn between 365'0 and 3.75.

Cattle: Live and Feeder Cattle are slightly lower for the week. I am still "nursing" a losing short LCZ position and awaiting an opportunity to cover in the 117.00 area.

Silver: Dec. Silver is currently 5 cents lower at 17.06 and up about 6 cents for the week. Stay long.

S&P's: Dec. S&P's are 2.50 higher at 3111.50 recovering from yesterdays low of 3090.00. This market continues to be highly volatile breaking or rallying depending on the latest political news be it trade with China or Impeachment Inquiry. Be flexible and use stops. Expected trading range: 3065.00-3125.00.

Currencies: As of this writing the Dec. Euro is 12 higher at 1.10990, the Yen 5 higher at 0.92230 the Pound36 higher at 1.2967. and the Dollar Index 11 lower at 97.700. I still like the Pound and Euro on breaks and feel as we close in on a Brexit deal these currencies will gain against the Dollar.

Author

Marc Nemenoff

Marc Nemenoff

PRICE Futures Group

Mr. Nemenoff is a 37-year veteran of the futures industry.

More from Marc Nemenoff
Share:

Editor's Picks

EUR/USD hovers around nine-day EMA above 1.1800

EUR/USD remains in the positive territory after registering modest gains in the previous session, trading around 1.1820 during the Asian hours on Monday. The 14-day Relative Strength Index momentum indicator at 54 is edging higher, signaling improving momentum. RSI near mid-50s keeps momentum balanced. A sustained push above 60 would firm bullish control.

GBP/USD holds medium-term bullish bias above 1.3600

The GBP/USD pair trades on a softer note around 1.3605 during the early European session on Monday. Growing expectation of the Bank of England’s interest-rate cut weighs on the Pound Sterling against the Greenback. 

Gold sticks to gains above $5,000 as China's buying and Fed rate-cut bets drive demand

Gold surges past the $5,000 psychological mark during the Asian session on Monday in reaction to the weekend data, showing that the People's Bank of China extended its buying spree for a 15th month in January. Moreover, dovish US Federal Reserve expectations and concerns about the central bank's independence drag the US Dollar lower for the second straight day, providing an additional boost to the non-yielding yellow metal. 

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Bitcoin, Ethereum, and Ripple prices consolidated on Monday after correcting by nearly 9%, 8%, and 10% in the previous week, respectively. BTC is hovering around $70,000, while ETH and XRP are facing rejection at key levels.

Weekly column: Saturn-Neptune and the end of the Dollar’s 15-year bull cycle

Tariffs are not only inflationary for a nation but also risk undermining the trust and credibility that go hand in hand with the responsibility of being the leading nation in the free world and controlling the world’s reserve currency.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Bitcoin, Ethereum, and Ripple prices consolidated on Monday after correcting by nearly 9%, 8%, and 10% in the previous week, respectively. BTC is hovering around $70,000, while ETH and XRP are facing rejection at key levels. Traders should be cautious: despite recent stabilization, upside recovery for these top three cryptocurrencies is capped as the broader trend remains bearish.