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: Dec. Bonds are currently 15 higher at 153’16, 10 Yr. Notes 7 higher at 125’11.5 and 5 Yr. Notes 4.7 higher at 117’11.5. Turmoil in Spain over the question of Catalonian independence has traders seeking a safe haven in Treasuries this morning. In other news since last week, Pres. Trumps short list for Fed. Chairperson now includes John Taylor who is known to have a more hawkish bent than current Chair Yellen, giving reason for this weeks’ selloff from the 154’00 level in Bonds. I will be a seller in Bonds in the 154’12 area and a seller in the 10 yr. in the 126’00 area.
Grains: Dec. Corn is currently 1’0 higher at 349’4, Nov. Beans 1’0 higher at 985’2 and Dec. Wheat 1’2 higher at 431’2. The recent Crop Report was friendly showing stocks in Beans to be lower than expected driving the price up to the 1000’0 level. This was short-lived as evidenced by current prices. I’m still waiting for a sharp break to be a buyer in the 337’0 area for Corn and 947’0 for Beans.
Cattle: Live and Feeder Cattle have come under pressure the last few sessions as the market awaits Friday’s Cattle on Feed Report. Expectations are for an 8% increase in Placements. I am currently on the sidelines awaiting an opportunity to go short Feb. Cattle above 123.00. (see last week’s “Report”)
Silver: Dec. Silver is currently 7 cents higher at 17.07, down about 15 cents from last Thurs. The market found some near term resistance in the 17.45 area and backed of about 50 cents as the Dollar strengthened and % rates creeped higher. That being said, I remain bullish with an objective above 18.00.
S&P’s: Dec. S&P’s are currently 13.00 lower at 2547.00, due mostly to European turmoil over Spain this morning. We remain short a combination of Futures and out of the money puts.
Currencies: As of this writing the Dec. Euro is 33 higher at 1.18740, the Yen 39 higher at 0.89195, the Pound 21 lower 1.3203 and the Dollar Index 19 lower 93.038. We have now covered all short Pound positions (stops touched at 1.3250). I am a seller in the Dollar Index in the 93.70-94.10 area.

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

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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

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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. – a 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.

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