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: June Bonds are currently 18 higher at 144’00, 10 Yr. Notes 11 higher at 120’12.5 and 5 Yr. Notes 6 higher at 114’03.7. Comments by new Fed Chairman Powell had little overall effect on near term rates as expected. The basics: Gradual raising of rates will data dependant. Still concern that inflation, excluding housing, still below 2%. Economy getting stronger as evidenced by tight jobs market. As mentioned last week, I will be willing to enter the short side of the market with either the 30 Yr, 10 Yr. or 5 Yr. when and if the 30 Yr. Bonds trades above 145’10. Unemployment Report on March 9th.
Grains: May Corn is currently 1’0 lower at 381’2, May Beans 0’4 lower at 1055’4 and May Wheat 3’0 lower at 492’0. We have been on the sidelines and idly watched as Beans rallied due to lack of precipitation in Argentina and fairly good export demand domestically. I am looking at the short side of May Corn above 388’0 and the short side of May Beans above 1067’0 with an initial 15’0 cent risk.
Cattle: Live and Feeder Cattle have broken sharply in the last few sessions. Last Friday’s Cattle on Feed Report was somewhat negative, particularly the placement number of 104%, 3% above expectations.

Data from the U.S. Department of Agriculture’s monthly cattle-on-feed report, released at 3:00 p.m. ET Friday, and
analysts’ estimates as compiled by the Wall Street Journal. In million head.
Numbers USDA’s Average Range
2018 2017 estimated of analysts’ of analysts’
% of prev yr estimates
On-feed Feb 1 11.630M 10.782M 108 107.4 106.8- 108.5
Placed in Jan 2.068M 1.981M 104 100.8 97.7- 102.9
Marketed in Jan 1.858M 1.751M 106 105.9 105.5- 106.2

I remain short Apr. LC and continue to hold the long June 115 put/short June 112 put spread.
Silver: May Silver is currently 11 cents lower at 16.30 breaking due to a strong dollar and slightly higher interest rates over the last week. I feel that Silver is currently a good buy at these prices, but once again urge you to have a small position using the contract value at entry-level to represent no more than 3-6% of total portfolio value. I remain long.
S&P’s: Mar. S&P’s are currently 5.00 lower at 2709.50. We remain long the 2650 put/short the 2600 put spread.
Currencies: As of this writing the Mar. Euro is currently 29 lower at 1.2188, the Yen 20 lower at 0.93660, the Pound 14 lower at 1.3764 and the Dollar Index 19 higher at 90.740. We are liquidating long biased Pound positions. I am a seller in the Dollar Index above 90.65 with an initial 100 point risk.

Regards,
Marc
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. ©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.

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