Marc Nemenoff
About The Author

Marc Nemenoff

Marc Nemenoff gives his readers an insight into the decision making process of a professional trader and analyst with 35+ years of market experience. He covers the markets with which he has had the best success throughout his career with. Contact Mr. Nemenoff at (312) 264-4310

Financials: Sept. Bonds are currently 15 higher at 154’21, 10 Yr. Notes 4 higher at 126’07.5 and 5 Yr. Notes 2 higher at 118’08.5. Yesterday’s ADP private jobs number came in at 178K, slightly below expectations of 180K. This number usually correlates closely with the monthly Unemployment Report of which guesstimates so far reflect an increase in non-farm payrolls of 180,000 and an unemployment rate of 4.3%. During the last week the market saw disappointing auto sales and a continued erosion of the Dollar against other major currencies resulting in a rally in treasuries. We are currently on the sidelines (see report 7/27/2017) looking to be a seller above 155’08 in Bonds,126’18 in 10 Yr. Notes and 118’10 in the 5 Yr. Notes.
Grains: Dec. Corn is currently 3’4 lower at 375’4, Nov. Beans 15’4 lower at 962’0 and Dec. Wheat 4’0 lower at 483’6. Last week we took a small profit in Dec. Corn and will return to the long side in the 372’0 area. I will also be a buyer in Nov. Beans below 955’0 with an initial risk of 15 cents. Good weather and favorable crop progress have driven these markets down to current levels. I feel that the weak dollar could promote demand and technically the market is approaching key support levels.
Cattle: Live and Feeder Cattle continue their roller coaster ride rallying off recent lows in response to lower feed grain prices. The overall trend remains down. I will be a buyer in LCV below 110.00 and a seller above 119.00. I will also be interested in doing the long Oct./short Feb. LC spread at 310 premium the Feb. (currently at 245 premium Feb.).
Silver: Sept. Silver is currently 17 cents lower at 16.55. I will be a buyer below 16.28.
S&P’s: Sept. S&P’s are currently0.50 lower at 2473.00. Treat as a trading affair between 2464.00 and 2484.00 with a 5.00 risk.
Currencies: As of this writing the Sept. Euro is unchanged at 1.18895, the Yen18.5 higher at 0.90800, the Pound 94 lower at 1.3155 and the Dollar Index 3.1 higher at 92.730. I will try the long side of the Dollar Index against the 200 week moving average of 92.385 with an initial 50.5 risk.

Regards,
Marc
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Past results are not necessarily indicative of future results. Investing in futures can involve substantial risk of loss & is not suitable for everyone. Trading foreign exchange also involves a high degree of risk. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Before opening an account and trading, you should seek advice from your advisors as appropriate to ensure that you understand the risks and can withstand the losses.

The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or futures. The Price Futures Group, its officers, directors, employees, and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. Reproduction and/or distribution of any portion of this report are strictly prohibited without the written permission of the author. Trading in futures contracts, options on futures contracts, and forward contracts is not suitable for all investors and involves substantial risks. ©2017

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Past results are not necessarily indicative of future results. Investing in futures can involve substantial risk of loss & is not suitable for everyone.
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A Subsidiary of Price Holdings, Inc.
Past results are not necessarily indicative of future results. Investing in futures can involve substantial risk of loss & is not suitable for everyone. Trading foreign exchange also involves a high degree of risk. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Before opening an account and trading, you should seek advice from your advisors as appropriate to ensure that you understand the risks and can withstand the losses.
The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or futures. The Price Futures Group, its officers, directors, employees, and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. Reproduction and/or distribution of any portion of this report are strictly prohibited without the written permission of the author. Trading in futures contracts, options on futures contracts, and forward contracts is not suitable for all investors and involves substantial risks.

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