Marc Nemenoff
PRICE Futures Group
Financials: Sept. Bonds are currently 18 lower at 149’05, 10 Yer. Notes 9 lower at 125’17.5 and 5 Yr. Notes 6 lower at 118’26. The German Bund is 29 higher at 150.65 after falling sharply yesterday. Ideas of a solution for Greek debt has removed some of the “safety premium” for treasuries. If you went short 5 or 10 Yr. Notes last week (see Report 6/18/2015) either cover the positions or use a close stop.
Grains: Dec. Corn is currently 2’0 higher at 375’4, Nov. Beans 3’4 higher at 962’6 and Dec. Wheat 6’6 higher at 526’2. We remain long Dec. corn and recomment either taking profits or raising protective sell stops to the 366’0 level.
Cattle: Set. FC closed yesterday up 277 at 224.25 and Oct. LC 162 higher at 154.87. We have been stopped out of short Oct. LC poaitions from the 155.00 level with a small profit. I remain somewhat negative to these markets and will purchase the Aug. LC 144.00 put at around 50 points. We remain short FC currently at a loss. You might want to sonsider puts on the Sept. Feeders.
Silver: July Silver is currently 20 cents lower at 15.945 and Aug. Gold 3.50 lower at 1180.50. We remain long Silver and will roll into the Sept. contract this week. I will once again try the long side of Gold if the market trades below the 1168.00 level.
S&P's: Sept. S&P’s are currently 5.00 higher at 2118.00. If you are holding the combination of short futures and short puts consider covering the short put leg of this combination leaving you short the futures. Currencies: As of this writing the Sept. Euro is 137 lower at 1.1213, the Yen 30 lower at 0.8084 and the Pound 54 lower at 1.5767. If you remain short the Euro and/or the Pound (see Report 6/18/2015) take profits.
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