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: Mar. Bonds are currently 15 higher at 143’05, 10 Yr. Notes 4.5 higher at 120’11 and 5 Yr. Notes 2 higher at 114’04.7. Not much has happened week over week, but on a daily basis Treasuries made new recent lows with Bonds trading as low as 142’14. Yields edged slightly higher with the 10 Yr. creeping up to the 2.95% level and the 30 yr. yielding as much as 3.13%. As mentioned last week, I feel these markets are a bit oversold and recommend only using options at present level if you’re looking for protection against higher rates. Given a good bounce in these markets, June Bonds above 145’10, I will be looking to play from the short side once again. Next week I will be quoting June contracts.
Grains: Mar. Corn is currently fractionally lower at 365’4, Mar. Beans 3’0 lower at 1031’2 and Mar. Wheat 0’6 higher at 448’0. Argentina’s weather (lack of rain) is still dominating news affecting these markets, particularly soy and its’ products. I am on the sidelines. Next week we switch to July contracts.
Cattle: Live and Feeder Cattle broke sharply yesterday as the cash market turned week and longs took profits. Technically the market may have put in a top in the 128.00 area (basis Apr.), or at the very least a level which will tell me I am wrong being short if penetrated. If you feel futures are too risky consider doing the long June LC 115.00 put/ short June LC 112.00 put spread at 100 points. This has the limited risk of the premium paid and also has limited profit potential of being fully in the money at 300 points.
Silver: Mar. Silver is currently 10 cents lower at 16.51. I remain long and will roll the position into the May contract before Tuesday.
S&P’s: Mar. S&P’s are currently 2.50 higher at 2701.25. This market remains highly volatile. We remain spread long the Mar. 2650.00 put/short the Mar. 2600.00 put.
Currencies: As of this writing the Mar. Euro is currently 19 lower at 1.23035, the Yen 62.5 higher at 0.93545, the Pound 34 lower at 1.3914 and the Dollar Index 6.2 higher at 89.875. We continue to hold long biased positions in the Pound. I will be a seller in the Dollar Index should it trade above 90.650 with an initial 100 point risk.

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