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 1’01 higher at 144’17, 10 Yr. Notes 1.5 higher at 120’10.0 and 5 Yr. Notes4.5 higher at 113’30.0. As expected the Fed raised rates 25 basis points yesterday. Cited as reasons for the hike: Job gains in recent months, low unemployment, economic activity rising at a moderate rate, inflation nearing target of 2.0%. The reaction by the close of day was for a strong close well off the lows of the day made shortly after the announcement. I feel the rally was triggered by the realization that there will probably be just three rate hikes this year and tapering GDP growth by 2020. Add to the mix declining equities the stage was set for a rally. Once again I am turning to the technical  and recommend the short side of the market if the Bonds return to the 145’08 level.
Grains: May Corn is currently 2’0 higher at 377’0, Beans 1’6 higher at 1031’4 and May Wheat 5’0 higher at 458’4. If you remain short either May Corn or May Beans take profits.
Cattle: Apr. and June LC are 6.00+ lower since last weeks’ “Report”. My near term downside objectives have been reached and I am taking profits on short biased positions. Position of note: Long June 115/ short June 112 put spread initiated at 95 points premium the 115 put. Take profits above 200 points (Wed. close 220 points). Cattle on Feed Report Friday: Early estimates
Ranges Averages Mln Head
On feed March 1 107.6-109.2 108.2 11.651
Placements in February 100.3-108.8 104.2 1.766
Marketing in February 99.8-102.1 101.2 1.667

Silver: May Silver is currently 12 cents higher at 16.54. We remain long.
S&P’s: June S&P’s are currently 22.00 lower at 2696.50, sharply lower for the week. I expect equities to remain highly volatile. I recommend out of the money puts and/or put spreads.
Currencies: The June Euro is currently 6 lower at 1.2405, the Yen 62 higher at 0.95435, the Pound 10 higher at 1.4195 and the Dollar Index 9 lower at 89.28. I still want to trade the Pound from the long side on breaks.

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.

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