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 17 lower at 145’06, 10 Yr. Notes 6.5 lower at 120’20 and 5 Yr. Notes 3.7 lower at 114’05.7. Over the last week the trade has seen quite a bit of volatility as traders try to analyze the possible implications of a trade war as the U.S. and China engage each other in a tariff melee. The equity markets have been the current leader in reaction to rhetoric from both the U.S. and China with treasuries inversely following their lead. Since last weeks “Report” we were stopped out of short positions when the Bonds traded above the 146’26 level putting us on the sidelines for the moment. Once again we are paying attention to the yield curve as the difference between the 30 Yr. and 10 Yr. narrowed to 23 basis points as the yield on the long bond dipped below 3% pushing the Bonds temporarily above 147’00. Treat as a trading affair between 144’15 and 147’06.
Grains: May Corn is currently 2’4 higher at 383’6, Beans 6’4 higher at 1021’4 and Wheat 4’4 higher at 460’2. Last week we recommended selling Beans above the 1050’0 level, the market gave us that opportunity as it responded to the Planting Intention Report rallying as high as 1060’0. If you remain short either take profits or lower your protective stop to the 1034’0 level. Yesterday Beans traded as low as 985’4 in response to China’s threat to put a tariff on Beans among other items. For a short-term trade I recommend selling Beans at current levels with a 10’0 cent risk and 20’0 cent profit objective.
Cattle: Yesterday both Live and Feeder Cattle closed with near limit gains after trading sharply lower early in the session. Technicians may be calling for a key reversal bottom as June LC contract traded both below the previous days’ low and above the previous days’ high closing above that high. As mentioned last week I wanted to “nibble” at the long side of which I had both some small losses and gains. We are coming into the market long this morning and will take profits on a 100+ point rally if the market allows. Short hedgers might consider covering short futures positions on breaks and replacing them with out of the money puts in an effort to take advantage of the dramatic break over the last few weeks.
Silver: May Silver is about unchanged at 16.25. I remain long a small position.
S&P’s: June S&P’s are currently 12.00 higher at 2659.00. Over the last week we tried the long side of the market at the 200 day moving average and were stopped out with a 15.00 point loss. The prospect of a “trade war” has provided plenty of volatility for those adept at picking short term tops and bottoms (I am not one of them, it’s a young mans game). I will be looking to buy out of the money puts should the market trade above 2675.00.
Currencies: I am on the sidelines.

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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Questions? Ask Marc Nemenoff today at 312-264-4310         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. ©2018