Look To Sell T-bond Rally
CURRENT POSITIONS (As of 4/21/99)MarketLong/ShortEntryStopTargetJune T-bondsFlat—June S&PsFlat—June Swiss francLong.6675.6600.6725Note: All price levels are approximate.S&P 500 futuresWe sold our longs (@1304) in the June S&P [SPM9>SPM9] today at the 1319 level for another good trade. The curren
S&Ps Due For Rally; Euros Indeterminate
CURRENT POSITIONSMarketLong/ShortEntryStopTargetJune T-bondsLong121 22/32120 15/32122June S&PsLong130412801350June Swiss francFlat—Note: All price levels are approximate.S&P 500 futuresWe sold our longs (@1328) in the June S&P [SPM9>SPM9] this morning at the 1335 level. However, the S&P continues
Watch Longs On T-bond and Look for Shorts Off ECU Rallies Next Week
CURRENT POSITIONSMarketLong/ShortEntryStopTargetJune T-bondsLong121 22/32120 15/32122June S&PsLong1328–June Swiss francFlat—Note: All price levels are approximate.T-bond futuresThe June futures [USM9>USM9] fell to 121 11/32. There were reports for the bulls and the bears today. Housing starts fel
Longs Look Promising in T-bonds and S&Ps
T-bond futuresThe June futures [USM9>USM9] were unaffected by the Business inventories report, which showed a .4% increase. Bonds seemed to have found a new range between 120 to 123 levels (basis USM9). The market is divided by the bears, who argue the economy is heating up, and the bulls, whose pos
Watch for Tomorrow’s CPI
T-bond futuresThe June futures [USM9>USM9] got an early boost from weakness in the stock market but finished well off their highs after stocks turned around. The Consumer Price Index (CPI) comes out tomorrow and could move the market. We are still on the sidelines.Currency futuresThe June ECU [ECM9>
S&P Pullback Imminent Given Recent Rally
T-bond futuresWe covered our position in the June futures [USM9>USM9] at the 122 25/32 level. The greater-than-expected European rate cut turned the trade against us yesterday. We now await a new opportunity. The Producer Price Index (PPI) number was a little better than expected and bonds rallied,
Solid Move in T-bonds Going Into Tomorrow
T-bond futures June futures [USM9>USM9] traded quietly as there were no reports today. We established a short position yesterday at 121 29/32 level with a stop in around 122 25/32. We will try to cover the position at the 121 20/32 level for a small profit as we expect bonds to trade in a range un
S&P Rally Poises Us For A Solid Down Move
T-bond futures June futures [USM9>USM9] ended the day flat. Fridays employment report provided a sigh of relieffor the market, and we exited our longs at the 120 26/32 level after nearlyliquidating the trade for a small loss. The next report of interest (Producer Price Index) isnt due until Frid
Bonds Rally, S&Ps Remain Quiet
T-bond futures We got the relief rally we were looking for in the June futures [USM9>USM9] after the Fed meeting (see Mondays update). However, we didnt get to 121 10/32 level (our exit area) yet. We will give it another day.Bonds got hit today after the unexpected rise (to 57) of the Chicago Pur
Bears Out Today In The T-bonds and S-franc
T-bond futures June T-bonds [USM9>USM9] lost 15 ticks today as bearish sentiment continued to weigh on the market. New home sales were down 2% from February, but the bulls were notinterested in this bit of news. The Fed meets tomorrow and is generally expected to remain steady on their interest ra
Riding A Great Trend? Know When To Get Out
Successful trading isn’t just about blindly hopping on trends–you’ve got to know when to get out of trades, too. Here, we take a look under the hood of trend trading and find our where trade exits fit into the picture.
Bombing Worries Market; Waiting for Decisive Market Action
T-bond futures June T-bonds [USM9>USM9] gave back earlier gains as investors and traders sold their longs before the weekend. The NATO attack has the market concerned despite positive remarks by one of the Fed Governors on interest rates yesterday. The release of the University of Michigan Sentimen