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:  Sept. Bonds are currently 3 lower at 141’29, down 1’29 for the week. !0 Year notes are 8 higher at 120’00 and the 5 Year note 9 higher at 112’27. The yield curve remains inverted  with the 2 year at 3.18% and the 10 year at 2.77. There is now some chatter of the 2 Year going 1.00% over the 10 year. CPI this week was 8.55, .02% below expectations of 8.70%. I am still putting resistance above 143,15 and support is now 139’14.

Grains:  Dec. Corn is 6’0 higher at 624’4, up 26’0 for the week. Nov. Beans are 13’2 higher at 1441’0, up 48’0 for the week.  Crop condition fell 3.0% and yield per acre is perceived to have fallen due to climate change. Trends have turned up for the near term.

Cattle:  Oct.LC are 52 higher at 145.00, up 115 for the week on new recent highs. The market is ignoring rising feed costs. Overhead resistance is now 145.35 and near term support 142.15. Next year FC are over 190.00 and MAY be a sale on rallies.

Silver:  Sept. Silver is 31 cents lower at 2042, up 38 cents for the week. Resistance remains at 20.60.

Regards,

Marc Nemenoff

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