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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:  Sept. Bonds are 25 lower at 136’15 and down 2’12 for the week. 10 Year notes are 9 lower at 117’25.5, down 1’03 for the week. CPI will be out at 7:30 Friday morning which should confirm a rise in inflation, justifying a rate hike at the next FOMC meeting of 50 basis points. We have seen yields trend higher for the last week with the 5&10 year at 3.05% and the 30 Year at nearly 3.20%. The trend remains down. That being said, the market is currently in support. Resistance is 139’10.

Grains:  Dec. Corn is currently 2’0 lower at 715’6 up 18’0 for the week. Nov. Beans are 5’6 lower at 1562’4, up 34’2 for the week. Crop Production Report tomorrow at 11:00. I still like the long new crop/ short old crop spreads.

Cattle:  Aug. LC are currently unchanged at 137.50, up 480 points for the week. Aug. FC  are up 37 over night at 176.025, up 640 for the week. I am no longer involved in long LC/ short FC spreads . I am watching long AUG. LC/ short deferred contracts. Support for Aug. LC currently is 133.90 and resistance is 138.40

Silver:  July Silver is currently 22 cents lower at 21.86. The trend remains down. This market is in competition with higher yielding treasuries for the investor dollars.

S&P:  June S&P’s are 2.00 lower at 4112.00, up 28.00 for the week. Support is 3910.00 and resistance 4165.00.


Marc Nemenoff

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