Short Opportunities Look Good In T-bonds
CURRENT POSITIONS (as of 5/19/99)MarketLong/ShortEntryStopTargetJune T-bondsShort118 5/32119 10/32117 5/32June S&PsShort134813661335June Swiss francFlat—Note: All price levels are approximate.S&P 500 futuresThe June contract [SPM9>SPM9] rallied moderately today. Our indicators suggest the market
Markets Tense As FOMC Nears
CURRENT POSITIONS (as of 5/17/99)MarketLong/ShortEntryStopTargetExitP/L (per contract)June T-bondsFlat—–June S&PsFlat—–June Swiss francFlat—–Note: All price levels are approximate.S&P 500 futuresWe covered our short position in the June contract [SPM9>SPM9] on the open today (around the 133
T-bonds Get Exciting Waiting For Fed
CURRENT POSITIONS (as of 5/14/99)MarketLong/ShortEntryStopTargetJune T-bondsFlat—June S&PsShort1380–June Swiss franc Flat —Note: All price levels are approximate.S&P 500 futuresWe managed to get short yesterday (as indicated Wednesday) at the 1380 level in the June contract [SPM9>SPM9]. We will
Shorts: Watch for Any S&P Rally Tomorrow
CURRENT POSITIONS (as of 5/12/99)MarketLong/ShortEntryStopTargetJune T-bondsFlat—June S&PsFlat—June Swiss franc Flat —Note: All price levels are approximate.Currency futuresOnce again, the June Swiss franc [SFM9>SFM9] and Euro [ECM9>ECM9] dropped today on news of political turmoil in Russia (
Watch For Fed Reports Before Moving On T-bonds
CURRENT POSITIONS (as of 5/10/99)MarketLong/ShortEntryStopTargetJune T-bondsFlat—June S&PsFlat—June Swiss franc Flat —Note: All price levels are approximate.Currency futuresAs we suspected, the June Swiss franc [SFM9>SFM9] and Euro [ECM9>ECM9] both rallied today on hopes of peace in Kosovo. L
Look for Long Opportunity In T-bonds After Fed Meeting
CURRENT POSITIONS (as of 5/7/99)MarketLong/ShortEntryStopTargetJune T-bondsFlat—June S&PsFlat—June Swiss francShort.6754.6800.6690Note: All price levels are approximate.Currency futuresThe June Swiss franc [SFM9>SFM9] and Euro [ECM9>ECM9] both dropped today after strong gains the last couple of
Good News In Balkans Means Opportunity In S-franc
CURRENT POSITIONS (as of 5/5/99)MarketLong/ShortEntryStopTargetJune T-bondsFlat—June S&PsFlat—June Swiss francFlat—Note: All price levels are approximate.S&P 500 futuresThe June contract [SPM9>SPM9] eluded our profit target on Tuesday by a fraction. We sold out our longs at the 1330 level for
S&Ps Rally As Expected
CURRENT POSITIONS (as of 5/3/99)MarketLong/ShortEntryStopTargetJune T-bondsFlat—June S&PsLong133713301363June Swiss francLong.6600.6550.6609Note: All price levels are approximate.S&P 500 futuresThe June contract [SPM9>SPM9] rallied back as expected today. We stayed with our half position; we weren
Watch for Bounce In S&Ps As Bonds Sell-off
CURRENT POSITIONS (As of 4/30/99)MarketLong/ShortEntryStopTargetJune T-bondsFlat—June S&PsLong1337–June Swiss francLong.6600.6550.6630Note: All price levels are approximate.S&P 500 futuresThe June S&P [SPM9>SPM9] was strong early in the day but finally caved in as the bond sell-off proved too big
Discretion The Better Part Of Valor On S&P Short Position
CURRENT POSITIONS (As of 4/28/99)MarketLong/ShortEntryStopTargetJune T-bondsShort121 22/32122 18/32121 05/32June S&PsFlat—June Swiss francFlat—Note: All price levels are approximate.S&P 500 futuresWe have been short the June S&P [SPM9>SPM9] for a couple of days now but have still not managed to
Watch S&P Closely for Sell-off
CURRENT POSITIONS (As of 4/26/99)MarketLong/ShortEntryStopTargetJune T-bondsFlat—June S&PsShort136513901355June Swiss francLong.6660.6600.6669Note: All price levels are approximate.S&P 500 futuresThe June S&P [SPM9>SPM9] rallied 6.4 points today. Tech stocks drove the Nasdaq much higher. We are st
Long Opportunity On S-franc; Sell-off Imminent On S&P Soon
CURRENT POSITIONS (As of 4/23/99)MarketLong/ShortEntryStopTargetJune T-bondsFlat—June S&PsShort136513901356June Swiss francLong.6660.6600.6710Note: All price levels are approximate.S&P 500 futuresWe sold the June S&P [SPM9>SPM9] short at the 1365 level today with stops in around 1390. Volatility a