Currently viewing the tag: "Meats"

Financials: Mar. Bonds are currently unchanged at 143’24, 10 Yr. Notes 3.5 higher at 126’19 and the 5 Yr. Note 3 higher at 118’27.5. All I can do is plant an idea on these markets. I feel that the yield curve is about to steepen and am going to be focusing on the long 10 [...]

Continue Reading

Financials: Mar. Bonds are currently 27 lower at 143’28, the 10 Yr. Note 16.5 lower at 126’17 and the 5Yr. 8.2 lower at 118’22.7. Yesterday the FOMC indicated the there will be no changes until after April 2015. The initial reaction was a rally, in the June 2016 Eurodollar to 98.79 missing our target of [...]

Continue Reading

Financials: Mar. Bonds are currently 11 lower at 145’13, 10 Yr. Notes 4.5 lower at 127’16.5 and 5 Yr. Notes 3.5 lower at 119’10. Quite a bit has happened since my last “Report” on Dec. 11th. Both the value of the Russian Ruble and the cost of Oil have dropped sharply pushing the Bonds higher [...]

Continue Reading

The Windy City Trader 12/15/14

On December 15, 2014 - 2:29 PM By

Remember he knows if you’ve been naughty or nice….. Too late for me but maybe some of you still have a shot.  This Week’s Commentary Metals: The theme of this week’s letter is the major effect the plunging crude oil prices have had on most commodity sectors. Gold and silver saw huge gains despite [...]

Continue Reading

Derivatives Dance. DRY HEAT Report 12/15/14

On December 15, 2014 - 8:06 AM By

Over the weekend I had a lot of calls from friends who are both Democrat and Republican. They couldn’t believe that there was a bipartisan agreement to “adjust” the Dodd-Frank legislation that would allow loosing derivatives positions, of the big bank’s bets, to be guaranteed by the taxpayers. A prominent Democrat congresswoman spoke out against [...]

Continue Reading

Financials: Mar. Bonds are currently 4 higher at 144’02, 10 Yr. Notes 2 lower at 127’01 and 5 Yr. Notes 3 lower at 119’03. European inflation numbers were weaker than expected. Yield curve continues to flatten. That being said, I’m a seller above 144’00 for a short term trade with a stop above the early [...]

Continue Reading

Hello Fellow Traders, Tiger Woods just finished dead last in his own golf tournament some 30 strokes behind the winner. The irony here is that his current girlfriend (for now anyway) Lindsay Vonn made a remarkable comeback from last year’s horrific leg injury to win a gold and silver medal this weekend at Lake Louise [...]

Continue Reading

Financials: Mar. Bonds are unchanged at 141’17, 10 Year Notes 1 lower at 125’28.5 and 5 Yr. Notes 1 lower at 118’17.5 German Industrial Production was a disappointment rallying the Bonds from an overnight low 140’30. Friday’s Job Report showing an increase in non-farm payrolls of 320K dropped the Bonds from a recent high of [...]

Continue Reading

Energy Deflation. DRY HEAT Report 12/8/14

On December 8, 2014 - 7:31 AM By

There is no doubt that the world economy is slowing down. Germany and France are stalling, while Japan, Italy, Greece and Spain are in recession. China, the world’s new #1 economy is slowing down. Here in the U.S., BLS statistics show our economy growing at 4% for two straight quarters, though the jobs created are [...]

Continue Reading

Financials: Mar. Bonds are currently 8 higher at 141’16, 10 Yr. Notes 3 higher at 126’12 and 5 Yr. Notes 2 higher at 119’03. A couple of items this morning. Weekly jobless claims were down by 17k, in line with expectations of a 19k drop. The ECB left rates unchanged. It is expected that later [...]

Continue Reading

Financials: Mar. Bonds are currently 11 higher at 142’31, 10 Yr. Notes 11 higher at 127’12 and 5 Yr. Notes 7 higher at 119’23. Bonds have rallied since our last Report as Precious Metals and Energies declined after the announcement by OPED that there will not be a cut in Crude Oil production. This once [...]

Continue Reading

Financials: Mar. Bonds are currently 12 higher at 141’30, 10 Yr. Notes 6 higher at 126’21.5 and 5 Yr. Notes 2.5 higher at 119’07.5. We are now quoting the March contracts which are trading at 1’14 discount to the Dec. Weekly Jobless Claims were higher than expected being up by 21,000 vs. expectations of a [...]

Continue Reading