Currently viewing the tag: "Metals"

Financials: June Bonds are currently 2 higher at 158’30, 10 Yr. Notes 6 higher at 126’31 and 5 Yr. Notes 4 higher at 118’27. I am still on the sidelines and will remain so until Friday’s Employment Report. Short term traders should continue to treat the 10 Yr. Note as a trading affair between 126’16 [...]

Continue Reading

The Windy City Trader 3/2/15

On March 2, 2015 - 2:40 PM By

As baseball players assembled for spring training it reminded me of my days as a ball player and my most famous moment when in game 6 of the iconic 1975 World Series game (remember Carlton Fisk pushing his hands toward fair territory for the game winning homer) I hit a three run homer late in [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading