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:  As of this writing (6:30am) June Bonds are at 156’26 up 2 points overnight and up 3’15 for the week, 10 Year Notes up 1 overnight at 132’03 and up 31 for the week and 5 Year Notes unchanged at 123’30 up 9 for the week. Yields, which work inversely to the price movement of the underlying instrument are for the most part lower for the week. The 2 year is down 2 basis points at 0.14%, the 5 year down 4 at 0.83%, the 10 year down 13 at 1.16% and the 30 year bond down 14 at 2.35%. Testimony by Fed Chairman Powell and Secretary Yellen indicate no major changes to monetary policy. Proposal of $3 trillion dollar infrastructure bill could have inflationary consequences and limit upside on longer dated treasuries. I am on the sidelines for the moment.

Grains:  May Corn is down 2’4 at 550’6 down 4’2 for the week and May Beans down 6’0 at 1426’0 up 19’0 for the week. I still remain a buyer on breaks, particularly Nov. Beans in the 1215’0 area. Coming up: planting intentions, stay tuned.

Cattle:  April LC closed yesterday unchanged at 119.12 down 30 points for the week and April FC up 270 at 142.45 down 180 for the week. I am out of all short biased April LC positions (long Aug./sort Apr. LC spreads). I remain bullish June and Aug. LC.

Silver:  May Silver is currently 30 cents lower at 24.98 down 1.21 for the week. I am a buyer on breaks below 25.00 based on chart support.

S&P:  June S&P’s are currently 15.00 lower at 3865.00 down 72.00 for the week. Support is at 3857.00 and resistance is now at 3928.00. Treat as a trading affair.

Currencies:  The Euro is currently. 4 lower at 1.1831 down 61 points for the week, the Yen 32 lower overnight at 0.9175 down 8 for the week, the Pound up 16 at 1.3713 down 130 for the week and the Dollar Index up 8 overnight and 95 points for the week at 92.61. I have been waiting for a rally above 92.50 to once again trade the Dollar Index from the short side, it’s there. I am also a buyer in the Yen and Pound on further breaks.

Please reach out to me if you’d like to learn more about my strategy or get my entry levels.

Regards,
Marc

Questions? Ask Marc Nemenoff today at 312-264-4310