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 unchanged at 154’23, 10 Yr. Notes fractionally higher at 126’11.5 and 5 Yr. Notes unchanged at 118’11.2. Saber rattling by N. Korea and return rhetoric by President Trump sent traders to the safety of treasuries over the last 48 hours. Add lowered expectations of less than 2% expected inflation rate to the mix gives me concern for current short positions in the 10 Yr. Note from 126’18 and the 5 Yr. Note from 118’10. I suggest using a close stop of 126’21 in the 10 Yr. and 118’18 in the 5 Yr.
Grains: Dec. Corn is 0’2 higher this morning at 386’4, Nov. Beans 5’0 higher at 978’0 and Dec. Wheat 1’2 higher at 488’2. Crop Production Report this morning at 11:00 a.m. Central. I will be a buyer in Dec. Corn below 372’0 and a buyer in Nov. Beans below 955’0 with an initial 15’0 cent risk.
Cattle: Live and Feeder Cattle continue to register high volatility while maintain an overall down trend. Live Cattle are now in support levels not seen since last Apr. and Feeders at levels not seen since June. We have stuck our neck out and gone long Oct. LC in the 109.00 area and/or put on the long Oct./short Feb. LC spread in the 3.50-3.75 area premium the Feb. Support for Nov. FC is currently the 137.50 level.
Silver: Sept. Silver is currently 28 cents higher at 17.145. We were able to go long at last week’s recommendation of the 16.28 area. Take profits!
S&P’s: Sept. S&P’s are currently 8.75 lower at 2464.25. I have been recommending treating this market as a trading affair between 2464.00 and 2484.00 for the last few weeks and will now alter that recommendation. Given the rise in rhetoric with N. Korea, disappointing auto sales and lack of inflation numbers consistent with Fed targets I want to be a seller on sharp rallies with a protective buy stop at 2486.50. Support is now 2446.50 (the 50 day moving address).
Currencies: As of this writing the Sept. Euro is 14 lower at 1.17620, the Yen 14.5 higher at 0.91340, the Pound 2 lower at 1.3017 and the Dollar Index 4 higher at93.470. I remain a buyer in the Dollar Index on breaks with a protective sell stop at 92.200.

Regards,
Marc
Questions? Ask Marc Nemenoff today at 312-264-4310

View The Nemenoff Report Archiveswww.pricegroup.com

A Subsidiary of Price Holdings, Inc. – an Employee Owned Diversified Financial Services Firm. Member NIBA, NFA

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

888.908.4310 | 312.264.4310
mnemenoff@pricegroup.com
Past results are not necessarily indicative of future results. Investing in futures can involve substantial risk of loss & is not suitable for everyone.
To SUBSCRIBE to The Nemenoff Report please visit http://bit.ly/28Yx3lv.
To Unsubscribe from The Nemenoff Report please send an email to offers@pricegroup.com.
View The Nemenoff Report Archives at http://blog.pricegroup.com/tag/the-nemenoff-report.

________________________________________

Please note: The Price Futures Group has not passed off on the merits or claims made in this report. The accuracy or completeness of any information presented 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.

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.

The PRICE Futures Group
141 West Jackson Blvd., Suite 1340A
Chicago, IL 60604
Tel: +1 312 264 4308

© 2016 Price Holdings, Inc. All rights reserved

This email was sent by mnemenoff@pricegroup.com to pchurch@pricegroup.com
Not interested? Unsubscribe | Update profile | Interested Subscribe | Impressed? Tell-A-Friend
The PRICE Futures Group |
Email Marketing by

Leave a Reply

Your email address will not be published. Required fields are marked *

Security Question * * Time limit is exhausted. Please reload CAPTCHA.