Currently viewing the tag: "Meats"

Financials: June Bonds are currently 3 lower at 161’24, 10 Yr. Notes 1.5 lower at 127’24 and 5 Yr. Notes fractionally lower at 119’08.5. Overnight China lowered rates in an effort to address slowing growth and the worry of deflation, joining the what appears to be Global concern about the fear of deflation. Testimony by [...]

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Cash/Futures. DRY HEAT Report 3/2/15

On March 2, 2015 - 7:30 AM By

A man from Orange County called after my last letter and questioned where I got my information regarding the pay levels of West Coast longshoremen. He felt his union was being portrayed unfairly, and it was the “owners” who were causing the delays in offloading. He disputed that he made as much as $200,000/yr.as a [...]

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The Windy City Trader 2/23/15

On February 23, 2015 - 2:31 PM By

Hello Fellow Traders, In a strange phenomenon the only locations where those of us battered with mass quantities of snow have seen any thawing lately are just outside the theaters showing the movie Fifty Shades of Gray. This Week’s Commentary Metals: Gold and silver continue to suffer due to the fact we have no inflation [...]

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Financials: Mar. Bonds are currently 24 higher at 144’25, 10 Yr. Notes 12 higher at 127’24 and 5 Yr. Notes 7 higher at 119’21. On Friday Europe tentatively granted Greece a four month loan extension subject to acceptance of Greek economic reform proposals, which will probably include some severe tax reforms on the wealthy. The [...]

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Financials: Mar. Bonds are currently 11 higher at 144’14, 10 Yr. Notes 7 higher at 127’15 and 5 Yr. Notes 4 higher at 119’14. We have covered all short biased naked and spread positions and are currently on the sidelines. Today’s focus will be the FOMC minutes as the market will be looking for language [...]

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Financials: Mar. Bonds are currently 17 lower at 146’10, 10 Yr. Notes 6.5 lower at 128’07 and 5 Yr. Notes 4 lower at 119’24. The long Sept. 2015 Eurodollar/short June 2015 Eurodollar spread is 3 higher at 135 premium the Sept. 2015. Yesterday Sweden lowered it’s repo rate to a negative 0.1% sending a signal [...]

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Financials: Mar. Bonds are currently 23 lower at 146’28, 10 Yr. Notes 12 lower at 128’07.5 and 5 Yr. Notes 6 lower at 119’22. If you remain short the 5 Yr. Note either take profits or lower your buy stop to 120’03.2. We remain spread long Sept. 2015/short June 2017 Eurodollars and will look to [...]

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The Windy City Trader 2/10/15

On February 10, 2015 - 8:36 AM By

Bruce Jenner……. Seriously, do I really need to add a joke here? This Week’s Commentary Metals: Most metals except copper took a beating last week after the friendly US jobs number gave reason to believe rates will raise rates sooner than their verbiage lately has implied. This in effect would slow inflation thus the harsh [...]

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Poor stevedores. DRY HEAT Report 2/9/15

On February 9, 2015 - 7:39 AM By

Written 2/7/15 | It has been about 5 months since the International Longshoreman and Warehouse Union (ILWU) told crews on the West Coast of the US to “work safe” and a work slow-down began at 29 West Coast ports. Those ports handle 43.5% of containerized cargo shipments from the US. They are the entry and [...]

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Financials: Mar. Bonds are currently 30 lower at 147’30, 10 Yr. Notes 27 lower at 129’00 and 5 Yr. Notes 21 lower at 120’00. This mornings Monthly Jobs Report showed an increase in non-farm payrolls of 257,000 vs. expectations of 237,000 and a revised increase of the Dec. number. If you remain short the 5 [...]

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Financials: Mar. Bonds are currently 1’03 lower at 149’24, 10 Yr. Notes 16 lower at 130’13.5 and 5 Yr. Notes 8.7 lower at 121’02.5. We remain short the 5 Yr. Notes and the June 2017 Eurodollar futures. I am still trying to spread up the short Eurodollars with the Sept. 2015 Futures at 99.44, currently [...]

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Hello Fellow Traders, A bunch of new commercials were released yesterday and along the way a football game broke out. The Seattle Seahawks snatched defeat from the jaws of victory as their coaching staff went from the penthouse to the outhouse with what will probably go down as the worst call in the history of [...]

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