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: Mar. Bonds are currently 17 higher at 149’00, 10 Yr. Notes 4.5 higher at 122’11 and 5 Yr. Notes 2 higher at 115’05.5. The long Dec.2018/short Dec. 2019 Eurodollar spread is now at 27 points, slightly above my objective of 26 points. Take profits.
Grains: Mar. Corn is fractionally higher at 357’0, Mar. Beans 3’2 higher at 995’4 and Mar. Wheat 2’2 higher at 435’2. Grains have rallied due to a weak Dollar. Take proifts on long Mar. Corn positions above 360’0.
Cattle: Feb. LC have rallied through my objective of 123.25. We are now short.
Silver: Mar. Silver is up 6 cents at 17.55, new recent high. We remain long.
S&P’s: Mar. S&P’s are 9.00 higher at 2850.00. I remain on the sidelines.
Currencies: As of this writing the Mar. Euro is 71 higher at 1.25555, the Yen 13 higher at 0.92090 and the Pound 77 higher at 1.4320. Continue to trade the Pound from the long side on breaks.
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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. ©2018
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