Jump to navigation

Free Newsletter Modern Trader Follow

Main menu

  • Futures
    • Modern Trader Magazine
    • Commodities
    • Futures Mag Archives
    • ETFs
    • Financials
    • Forex
    • Managed Funds
    • Market Analysis
    • News
    • Options
    • Regulation
    • Technology
    • Trading Strategies
    • Education
    • Futures Op-Ed
  • Favorites
    • Alpha Pages Most Popular
    • Futures Magazine
    • Modern Trader Magazine
    • Most Popular
    • Slideshows & Lists
    • Special Topics
      • Alpha Hunters
      • Bad Boys
      • FINtech
      • High-Frequency Trading
      • Trader's Life
      • Trading Strategies
      • FUTURES MAG's 500th ISSUE
      • We asked traders
  • Traders
    • Market Data
    • Hot Charts
    • Interactive Charts
    • Trading Calendar
  • FINalternatives
  • Hard Assets
    • Home
    • Base Metals
    • Precious Metals
    • Rare Earth Metals
    • Commodities
    • Mining Investments
    • Slideshows
  • Modern Trader
    • Subscribe
    • Past Issues
  • All +
    • Follow Us +
      • FuturesMag
      • Newsletters
      • Facebook
      • Google+
      • Linkedin
      • Twitter
      • RSS Feeds
    • About Us +
      • About
      • Advertise
      • Contact
      • Contribute
      • Privacy Policy
  • !
Follow Futures          
       
more >>

We Asked Traders

We asked traders for their opinion on the launch of bitcoin futures

Sponsored Content

Trading

Equities.com launches unlimited trading via Tradier Brokerage, Transforming into a news & fintech portal

Featured Topics

more Commodities>>

Commodities

Energy demand steps back in play
Advertisement
more Volatility>>

Volatility

Volatility & opportunity in the energy sector
more Financials>>

Financials

Daily Price Action: E-mini S&P 500
more Options>>

Options

Trading Vertical Option Spreads

Advertisement

Bonds, gold higher as sequester cuts loom

By Marc Nemenoff

March 1, 2013 • Reprints

Financials: June Bonds are currently 24 higher at 144’17 and the 10 Yr. Note 9.5 higher at 131’27. Yesterday the Bonds traded as low as 143’15, just below my near term objective of 143’17 indicating that short positions should either be covered or protective buy stops lowered to 144’03. We are now on the sidelines awaiting an opportunity to initiate a new short position in the 144’26 area.

Grains: May Corn is currently 2’0 lower at 701’4, May Beans13’0 lower at 1439’4, May Wheat1’4 lower at 713’0 and Dec. Wheat 4’0 lower at 735’4. We remain long out-of-the-money call spreads in Dec. Wheat. I will be a buyer in Corn on a 25 cent break.

Cattle: Apr. LC are currently 62 higher at 130.47 and Mar. FC 77 higher at at 142.77 (on Monday I will be quoting Apr. FC). Over the last couple of sessions we have covered short Feeder Cattle hedges and replaced them with put options 2 strike prices out-of-the-money. I remain somewhat negative for the long term on both Live and Feeder Cattle. I will be a seller in Apr. LC above the 131.35 level.

Silver: May Silver is currently $0.23 cents higher at $28.64 after making a new near term low of $27.94. We remain long a small position. Apr. Gold is currently $3.00 higher at $1,581.00 after making an overnight low of $1,564.00. If you went long Gold at yesterday’s recommended support of $1,568.00, take the short term profit.

S&Ps: Mar. S&Ps are currently 6.25 lower at 1507.00. If you went short yesterday either take the short term profit or lower your protective buy stop to your breakeven level. Yesterday we bought the Mar. 1480 put (expiration is 3/15/2013) for about 6.00 ($300).

Currencies: As of this writing the Mar. Euro is currently 56 lower at 1.3009, the Swiss 56 lower at 1.0621, the Yen 11 lower at 1.0779 and the Pound 147 lower at 1.5027. Yesterday we tried the long side of the Pound only to be stopped out at 1.5050 overnight for a loss. The Euro is on new recent lows.

About the Author

Mr. Nemenoff is a 40-year veteran of the futures industry. While attending graduate school at the Illinois Institute of Technology, Marc took a job as a clerk on the trading floor of the Chicago Mercantile Exchange. Over the years he grew to become an independent member of the exchange and spent many years as a trader, market maker, lecturer, and committee member. Since 2004 Marc has been a senior broker and analyst handling customer accounts for both speculators and hedgers in addition to institutional traders. Marc is also the author of The Nemenoff Report, a daily overview of the markets that includes his own perspective on market direction. Mr. Nemenoff describes his approach to the market as 75% technical and 25% fundamental and is also a firm believer in the use of option strategies as a way of using leverage and minimizing risk when one has a long-term market strategy. You can contact Marc by phone at (888) 908-4310 or by email at mnemenoff@pricegroup.com. Learn even more on our website at www.pricegroup.com.

Futures and options trading involves substantial risk of loss and may not be suitable for everyone. The information presented by The PRICE Futures Group is from sources believed to be reliable and all information reported is subject to change without notice.

Related Articles
Energy demand steps back in play
Crude shoulder season blues
Crude corrects on production pop, but demand side is looming
Oil risk factors rise
Refiners work overtime as crude inventories drop
Previous
Ford and Chrysler U.S. light-vehicle sales gain as credit eases
Next
U.S. stocks erase losses as economic data offset spending cuts
Related Terms
Gold 7533commodities 3439Metals 3359Silver 3171financials 2975bonds 1125Notes 287

Free Newsletter Modern Trader Follow

Main menu

  • Futures
    • Modern Trader Magazine
    • Commodities
    • Futures Mag Archives
    • ETFs
    • Financials
    • Forex
    • Managed Funds
    • Market Analysis
    • News
    • Options
    • Regulation
    • Technology
    • Trading Strategies
    • Education
    • Futures Op-Ed
  • Favorites
    • Alpha Pages Most Popular
    • Futures Magazine
    • Modern Trader Magazine
    • Most Popular
    • Slideshows & Lists
    • Special Topics
      • Alpha Hunters
      • Bad Boys
      • FINtech
      • High-Frequency Trading
      • Trader's Life
      • Trading Strategies
      • FUTURES MAG's 500th ISSUE
      • We asked traders
  • Traders
    • Market Data
    • Hot Charts
    • Interactive Charts
    • Trading Calendar
  • FINalternatives
  • Hard Assets
    • Home
    • Base Metals
    • Precious Metals
    • Rare Earth Metals
    • Commodities
    • Mining Investments
    • Slideshows
  • Modern Trader
    • Subscribe
    • Past Issues
  • All +
    • Follow Us +
      • FuturesMag
      • Newsletters
      • Facebook
      • Google+
      • Linkedin
      • Twitter
      • RSS Feeds
    • About Us +
      • About
      • Advertise
      • Contact
      • Contribute
      • Privacy Policy
  • !
images