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: Mar. Bonds are currently 0’01 higher at 115’30, 10 Yr. Notes unchanged at 128’13.5 and 5 Yr. Notes 0’01lower at 118’19.25. Nothing to really comment on fundamentally. However, technically yields have been creeping higher and the yield curve has widened. It was not too long ago that the yield curve between the 10 YR. and 2 Yr. Notes inverted with the 2 Yr. yielding 2-3 basis points more than the 10 yr., the 10 Yr. is now 34 basis points over the 2 yr..
Grains: Mar. Corn is currently unchanged at 387’, Beans unch. at 955’4 and Wheat unch. at 558’6. News of a pending signing of phase 1 of a China trade deal in 2 weeks could give these markets a boost..
Cattle: Live and Feeder Cattle prices have not moved much in the last two weeks. I will still be a seller in Apr. LC above 128.65. A positive outcome of trade deals with both China and Japan concerning Beef exports could give these markets a boost.
Silver: Mar. Silver is currently 8 cents higher at 18.01 and up a Dollar since my last “Report” (Dec.19th). Stay long.
S&P’s: Mar. S&P’s are 19.00 higher at 3250.00. Treat as a trading affair using close stops.
Currencies: As of this writing the Mar. Euro is currently 37 lower at 1.1245, the Yen 12 lower at 0.9235, the Pound 74 lower at 1.3218 and the Dollar Index 31 higher at 96.37. I remain overall negative the Dollar Index and positive on the Euro and Pound.