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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