Greenspan Causes Short-term Uncertainty
T-bond futures Short-term perspective: The March contract [USH9>USH9] sold off again today after the two-year note auction today was poorly received by investors. Greenspans remarks about the possible need to raiseinterest rates if the economy begins to heat up also added to downside pressure. How
S&P Action Off Of Greenspan’s Comments
T-bond futures Short-term perspective: The March contract [USH9>USH9] rallied back after two days of losses partly due to a stronger dollar and optimism over Fed Chairman Alan Greenspans testimony tomorrow. We were looking to buy today at the 122 16/32 level but never got thechance. Long-term pers
Volatile Market Causes Set-up Drought
T-bond futures Short-term perspective: The March contract [USH9>USH9] was little changed today. The Consumer Price Index (CPI) number releasedthis morning eased the markets inflation worries after yesterdaysProducer Price Index (PPI) raised some concerns on that issue. Weve had no trade setups s
Bearish Signs Continue
T-bond futures Short-term perspective: We liquidated our long positions in the March contract [USH9>USH9] at the 123 20/32 level. The market bounced back as the oversold condition corrected itself, and it also got support from theJapanese governments decision to cut back their bond supply on Monda
Volatile Markets Abound
S&P 500 futuresSame old story. The March contract [SPH9>SPH9] refuses to provide a trade setup. We will remain on the sidelines. T-bond futures Short-term perspective: The March contract [USH9>USH9] rallied close to our exit level today. Our goal is to exit this trade around 125 for a small loss.
Shorts on D-Mark and T-bonds; S&Ps in the buy zone
S&P 500 futuresShort term: The March futures [SPH9>SPH9] are in the buy zone (1240 or lower). Because volatility has increased to October 1998 levels, its necessary to use wider stops (no closer than 1205) or trade smaller positions to avoid getting stopped out of the market amid all the noise.Long
T-bonds Up; Other Markets Neutral
Look for short-term move in T-bonds on Monday.