Currently viewing the tag: "Metals"

The Windy City Trader 7/19/16

On July 19, 2016 - 9:52 AM By

Now that the new game/app Pokemon Go has gotten so popular it’s time for me to visit my storage unit which is filled with Pokemon stuff my three sons used to play with back in the 90s. There is Pokemon Nintendo with numerous Pokemon game cartridges. There is Pokemon Game Boy and game cartridges, Pokemon […]

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The Windy City Trader 7/13/16

On July 13, 2016 - 8:21 AM By

Hello Fellow Traders,
With television filled with nothing but politics and murders and violence it has gotten so bad I have been considering switching over to the Kardashians. ………………….NAH !!!!!!!!!!!!! GO CUBBIES!!
in the All Star game tonight and the rest of the 2016 season.
Metals: The recent rise for metals is […]

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Financials: Sept. Bonds are currently 31 lower at 172’01, 10 Yr. Notes 10 lower at 132’24, 5 Yr. Notes 4.5 lower at 121’30.5 and June 2017 Eurodollars 1 lower at 99.240. If you went short the 10 Yr. notes in the 134’00 level based on the recommendation from 6/24/16 take profits. We remain short the […]

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Financials: Sept. Bonds are currently 5’06 higher at 171’09, 10 Yr. Note 2’07 higher at 133’01, 5 Yr. note 1’10 higher at 122’08 and June 2017 Eurodollars 20 higher at 99.26. Even at these prices the market is substantially off of overnight highs in the flight to quality after the surprise Brexit vote to leave […]

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BREXIT! The Nemenoff Report 06/20/16

On June 20, 2016 - 7:40 AM By

Financials: Sept. Bonds are currently 1’11 lower at 167’26, 10 Yr. Notes 13 lower at 131’14, 5 Yr. Notes 7 lower at 121’09 and Sept. 2017 Eurodollars 4 lower at 99.090. Shifting poll numbers on Brexit now expect G.B. to stay in the EU causing U.S. Treasuries to give up recent gains. If you remain […]

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Financials: Sept. Bonds are currently unchanged at 168’11, 10 Yr. Notes 2 higher at 131’19, 5 Yr. Notes 1.7 higher at 121’08.2 and Sept. 2017 Eurodollars 5 higher at 9909.5. We have gone short the Eurodollars above the 99.05 level. Rates in Germany and Japan continue to tumble and we are once again putting the […]

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Financials: Sept. Bonds are currently 5 lower at 166’15, 10 Yr. Notes 5.5 lower at 130’25.5, 5 Yr. Notes 3.5 lower at 120’22.5 and June 2017 Eurodollars 2 lower at 99.010. Friday’s disappointing Jobs Report (an increase in non-farm payrolls of 38K vs. expectations of 160K) rallied treasuries across the curve causing many analysts to […]

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I have been saying for months that I expected no rate hikes until the end of 2016. The Fed however has changed their narrative and has developed a new tactic. Two days before last week’s release of the Fed minutes for April the Fed shipped out two Fed governors both Wednesday and Tuesday to imply […]

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Financials: June Bonds are currently 13 higher at 164’22, 10 Yr. Notes 3.5 higher at 129’26, 5 Yr. Notes 2 higher at 120’16.5 and June 2017 Eurodollars 1 higher at 98.91. Last weeks release of the FOMC minutes confirmed a partially hawkish stance by the Fed in relation to a data dependent rate hike sometime […]

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The Windy City Trader 5/17/16

On May 17, 2016 - 7:17 AM By

Congrats to Jason Day after winning the Players Champions ship on the PGA tour. He has taken the number 1 spot away from last year’s phenom Jordon Spieth, who took it away from Irishman Rory McIlroy, all within the past year or so. There are so many great young players on the tour now one […]

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Financials: June Bonds are currently 7 lower at 166’16, 10 Yr. Notes 4.5 lower at 130’26.5, 5 Yr. Notes 3 lower at 121’07 and June 2017 Eurodollars 1.5 lower at 99.045. We remain short the June 2017 Eurodollars from the 99.10 area feeling that there is currently one rate hike priced into this market and […]

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DJ USDA Report: Summary for U.S. Agriculture Supply, Demand WASHINGTON–The following are key numbers from USDA’s crop report Tuesday and how the government’s estimates compared to analysts’ forecasts in a Wall Street Journal survey.   U.S. 2016 Corn, Soybean Production (million bushels) Tuesday’s Estimate      Average       Range       USDA 2015 Corn         14,430       14,151    13,590-14,431    13,601 Soybean       3,800        […]

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