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 3 lower at 146’01, 10 Yr. Notes 1 lower at 120’26 and the 5 Yr. Notes 0.5 lower at 114’07.2. Yesterday’s release of the FOMC minutes indicated that the Fed might be more hawkish than originally thought giving traders a reason to price in 3-4 rate hikes for the year. On the other side of the coin the geo-political situation with Syria has caused a flight to safety. It seems that the “trade war” is now on the back burner so to speak. I will still treat the Bonds as a trading affair between 144’15 and 147’06.
Grains: May Corn is currently 1’4 lower at 385’4, Beans 2’0 higher at 1049’4 and Wheat 9’2 lower at 478’0. I am reinstating a short position in May Beans after being stopped out of a short position last week at 1034’0. Technical resistance at 1064’0.
Cattle: Last Thurs. we took profits on recent long positions in June LC. Near term fundamentals remain negative, however, the market has priced in a huge discount to current cash price levels. Technically I feel the June LC made a near term bottom in the 98.00 area and I would put resistance in the 106-108.00 area. I will be a buyer under 101.00.
Silver: May Silver is currently 16 cents lower at 16.60. We remain long.
S&P’s: June S&P’s are currently 14.00 higher at 2655.00. I am still recommending buying out of the money puts and/or put spreads.
Currencies: I remain on the sidelines.

Regards,
Marc

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