About The Author

Marc Nemenoff

Marc Nemenoff gives his readers an insight into the decision making process of a professional trader and analyst with 35+ years of market experience. He covers the markets with which he has had the best success throughout his career with. Contact Mr. Nemenoff at (312) 264-4310

Financials:  Dec. Bonds are currently 7 higher at 161’15, 10 Yr. Notes1.5 higher at 130’00.0 and 5 Yr. Notes 0.75 higher at 118’30.0.These markets are still in a uptrend but highly volatile as evidenced by yesterday’s nearly 2’00 point drop in the long Bond. Given that drop the Bonds are still up 1’00 for the week I remain a buyer in the 5 YR. Notes below 118’10 

Grains: Dec. Corn is 0’6 higher at 375’0, Nov. Beans3’0 higher at 892’2 and Dec. Wheat 8’0 higher at 485’2.We remain long Dec. Corn with a profit objective above 380’0 Raise your protective sell stop to 363’0 from 357’4. 

Cattle: Live and Feeder Cattle are more than 200 points higher for the week and have met my near term upside objectives. Take profits or use a close stop. 

Silver: Dec. Silver is currently 15 cents lower at 17.93.After a highly volatile week which saw one day up 85 cents and another day down 70 cents, the market is virtually unchanged over the last week. I remain long. A strengthening Dollar could provide some selling pressure on rallies. 

S&P’s: Dec. S&P’s are 6.00 higher at 2992.25. Treat as a trading affair between 2960.00 and 3010.00.  

Currencies: I remain on the side lines.       

Regards,
Marc

 

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