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The Nemenoff Report 5/23/13

On May 23, 2013 - 9:23 AM By

Financials: June Bonds are currently 11 higher at 143’06 and the 10 Yr. Note 2 higher at 131’09. This mornings weekly Jobless Claims fell by 23,000 versus a average expectations of a drop of 18,000. In the last 24 hours the Bonds have had quite a range falling as low as 142’08 as the market [...]

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The Nemenoff Report 5/21/13

On May 21, 2013 - 9:15 AM By

Financials: June Bonds are currently 2 higher at 143’26 and the 10 Yr. Note 1 lower at 131’25.0. Treat as a trading affair between 143’00 and 146’0. We remain short the July Bond 141’00/147’00 strangle from the 68 point level. This strangle is currently at 72, 4 ticks against us. Grains: July Corn is currently [...]

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The Windy City Trader 5/20/13

On May 21, 2013 - 9:00 AM By

Hello Fellow Traders, All the recent scandals emerging from Washington DC reminded me of a quote from the great economist Milton Friedman “If you put the federal government in charge of the Sahara Desert, in 5 years there would be a shortage of sand”. William Frejlich 312.264.4356 wfrejlich@pricegroup.com www.pricegroup.com This Week’s Commentary Metals: Gold and [...]

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The Nemenoff Report 5/20/13

On May 21, 2013 - 8:58 AM By

Financials: June Bonds are currently 16 higher at 144’15 and the 10 Yr. Notes 6.5 higher at 132’02.0. For the moment we are looking at the Bonds as a trading affair between 143’00 and 146’00. On Friday we sold the July Bond 141’00/147’00 strangle at 68 points which is currently trading at 66 points. Keep [...]

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Rope -A -Dope

On May 21, 2013 - 8:51 AM By

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com ________________________________________________ General Comments Are we witness to the greatest “rope-a-dope” contest of all time? Central banks of the world against deflation, but investors of all stripes could be the dopes. The central banks, led by our Fed, have thrown mind boggling amounts of digital money at the [...]

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The Nemenoff Report 5/17/13

On May 17, 2013 - 9:01 AM By

Financials: June Bonds are currently 12 lower at 145’02 and the 10 Yr. Notes 3.5 lower at 132’11.5. Yesterday the Bonds rallied about 1’16 on disappointing ecominc reports: CPI was down 0.4% slightly lower than expectations of -0.3%. Jobless Claims were up 32,000, well above pre-report estimates of +2,000. Housing starts were up 5.4%, down [...]

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The Nemenoff Report 5/15/13

On May 15, 2013 - 9:24 AM By

Financials: June Bonds are currently 10 higher at 144’12 and the 10 Yr. Notes 4.5 higher at 131’27.5. PPI and Empire State manufacturing data came in weaker than expected ralying the Bonds about 10 points from just before the reports. Traders are currently watching the market closely awaiting any hints from the Fed about continued [...]

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The Windy City Trader 5/14/13

On May 14, 2013 - 1:56 PM By

Hello Fellow Traders, Three years ago the Tiger Woods trials and tribulations began when his indiscretions became public and he divorced from his beautiful blonde wife Elin Nordegren. For over two years Tiger lost his game, changed swing coaches, changed his swing, changed his caddy, practiced hours on end… but still the wins didn’t come. [...]

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The Nemenoff Report 5/14/13

On May 14, 2013 - 9:06 AM By

Financials: June Bonds are currently 7 higher at 144’27 and the 10 Yr. Notes 2 higher at 132’01.0 Since last Thursday’s constructive Jobless Claims Report we were stopped out of any remaining long positions from the 146’16 area when the market traded through our protective sell stop at 146’21. Since that time the market has [...]

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Dry Heat 5/10/13

On May 10, 2013 - 4:04 PM By

DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com ________________________________________________ 5/10/13 General Comments Does Asian inflation mean deflation for the West? I wrote in January about the race to the bottom for currencies. Abe went “all in” for Japan and the result has been a dramatic rise of currencies across the board against the Yen. The [...]

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The Nemenoff Report 5/9/13

On May 9, 2013 - 9:21 AM By

Financials: June Bonds are currently 8 higher at 146’31 and the 10 Yr. Note 4.5 higher at 132’29.5. This morning’s Weekly Jobless Claims Report showed a decline of 4,000 vs. average expectations of an increase of 8,000. If you went long over the last couple of days in the 146’16 area either take the short [...]

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The Nemenoff Report 5/7/13

On May 7, 2013 - 9:15 AM By

Financials: June Bonds are currently 2 lower at 146’14 and the 10 Yr. Note 1 lower at 132’20.5. Since last Friday’s Employment Report the Bonds have continued their slide falling an additional 1’00 after the immediate 1’07 point decline with the release of the Report. As mentioned in my April 29th Report, the markets appeared [...]

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