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: March Bonds are currently 7 lower at 151’31, 10 Yr. Notes 3.5 lower at 124’11.5 and 5 Yr. Notes 2.5 lower at 116’17.5. These markets have dropped a bit in the last few sessions as the vote on impending tax reform comes due. Comments from the Fed also have weighed on treasuries as interpretation of these comments indicate a December rate hike and 3-4 rate hikes in 2018 as the Fed looks to trim it’s balance sheet. After having been on the sidelines for a couple of weeks, I am looking to sell the 10 Yr. on a rally above the 125’04 level.
Grains: Mar. Corn is currently 1’2 lower at 352’2, Jan Beans 2’2 lower at 990’2 and Mar. Wheat 5’4 lower at 411’0. I remain on the sidelines, however, I will be a buyer in Mar. Corn below 346’0.
Cattle: During the last 2 weeks Feb. LC fulfilled my objective of trading below 123.00 (see Report 11/16/2017) giving us reason to cover all short positions. I will once again return to the short side of this market should it rally to the 128-130.00 level.
Silver: Mar. Silver is currently 4 cents lower at 16.52, 53 cents below my last Report on Nov. 16th. I continue to hold a small long position.
S&P’s: Dec. S&P’s are currently 7.50 higher at 2632.50. I took as much heat as I could handle having been short a combination of the Dec. 2400 put and short futures, liquidating the positions at 2599.00. Loss of $2200.00.
Currencies: As of this writing the Dec. Euro is currently 12 lower at 1.1862, the Yen 43 lower at 0.8908, the Pound 43 higher at 1.3475 and the Dollar Index 13 higher at 93.235. If you remain short the Dollar Index either take profits or lower your stop to 93.455. not suitable for all investors and involves substantial risks.
Questions? Ask Marc Nemenoff today at 312-264-4310
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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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