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: Dec. Bonds are currently 4 lower at 155’17, 10 Yr. Notes 2 lower at 126’24 and 5 Yr. Notes 1 lower at 118’12.7. Earlier in the week treasuries rallied to new recent highs as the trade sought the safety of gov’t. issues in response to the provocation of a N. Korean missile sent over Japanese airspace. This action gave us the opportunity to initiate short positions at or above last week’s recommended levels of 155’27 in Bonds, 126’26 in the 10 Yr. and 118’16 in the 5 Yr. Personally, I would take profits in the Bonds and use a break even stop in the 5&10 Yr. Notes. Monthly Unemployment Report tomorrow.
Grains: Dec. Corn is 0’6 lower at 344’6, Nov. Beans unchanged at 933’2 and Dec. Wheat 2’0 higher at 431’6. Trends remain down. Crop progress remains excellent. I am on the sidelines.
Cattle: Live and Feeder Cattle remain quite volatile, that being said, LC are about steady for the week and FC actually a bit higher. Last Friday’s Cattle on Feed Report showed fewer placements than expected giving a spark of hope to higher prices down the road. We remain long Oct. LC and/or the long Oct./short Feb. spread, both of which are currently at a loss.
Silver: Dec. Silver is currently 7 cents lower at 17.43. I am currently on the sidelines and will be a buyer on a 75 cent to 1.00 dollar break.
S&P’s: Sept. S&P’s are currently 2461.00, 5.25 higher. Over the last week the market gave ample opportunity to take profits from short positions as the market traded sharply lower after N. Korea’s missile launches trading into the low 2420’2. Also my recommended protective stop of 2463. Once again I will be a seller on rallies with a protective buy stop at 2084.00.
Currencies: We were stopped out of long Dollar Index positions at 92.50 putting us on the sidelines for the moment.
Questions? Ask Marc Nemenoff today at 312-264-4310
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
Past results are not necessarily indicative of future results. Investing in futures can involve substantial risk of loss & is not suitable for everyone.
SubscribeReceive daily summaries of all Market Insights blog posts.
Enter email below.
Most Recent Posts
- U.S. Drought Monitor in December? The Corn & Ethanol Report 12/15/17
- Bubblenomics. The Energy Report 12/15/17
- FED Raises Rates. The Corn & Ethanol Report 12/14/17
- Fed Raises Rates. The Nemenoff Report 12/14/17
- Gas Crazy. The Energy Report 12/14/17
- Happy Hanukkah. The Corn & Ethanol Report 12/13/17
- Its Beginning to Look a lot like Rate Hikes. The Energy Report 12/13/17
- Crop Production USDA Supply/Demand Today. The Corn & Ethanol Report 12/12/17