Personal Finance

Marc · Guest

Trading Recommendations
For the Trading day of Friday, September 30, 2005

By Marc Nemenoff
800-935-6496
mnemenoff@alaron.

Financials: Bonds yesterday traded between 114'18 and 115'13 well
within support and resistance of 114'00 and 115'25. I still favor the
short side on rallies. If bonds are too volatile for you consider a
short sale in Dec. 10 yr. notes in the 111'03 area or the 5 yr. note in
the 107'17 area. We are also looking to go long the 10yr./short Bonds
at 4'29 premium the bonds.

Grains: Once again Nov. Beans failed to hold on to any gains closing 2
1/4 lower at 560 1/2 and briefly dipping to the 558 level. I still feel
that long-term support is in the 540-548 level and will be a buyer
below 548. Dec. Corn closed 1/4 higher in a lackluster trade. I remain
long both the futures and the Dec. 220 calls with sell stops for the
futures at 201.

Cattle: Live cattle rallied to new highs yesterday. We currently have
no position in the market and feel that it getting rather pricey for
this time of year. I am also concerned that Feeder Cattle prices have
lagged behind the live cattle prices given the cheap price of feed and
high prices in cattle. We are currently spread Long Oct. Live Cattle/
Short Oct. Feeder Cattle at 27.00. Our objective remains 25.00 and if
the spread trades above 28.25 we will take the loss.

Silver: Dec. Silver continues to work higher and as of this writing is
trading at 7.58. Yesterday's action gave us the opportunity to raise
our stops to 7.37 mid session. We are now in resistance of 7.50-7.60
and I recommend either taking all or partial profits or raising your
stops to 7.48.

S&P's: Dec. S&P's traded between 1216 and 1233 yesterday hitting both
sides of support and resistance and actually penetrating resistance by
2.00 points. I am now looking to go short between 1232-1238 and will
consider trades above 1243 a violation of ay downtrends and look to
take the loss. My near term downside objective is 1222. If this is
penetrated my next objective will once again be the 1216 area.

Regards,
Marc

The information and data in this report were obtained from sources
considered reliable. Their accuracy or completeness is not guaranteed
and the giving of the same is not to be deemed as an offer or
solicitation on our part with respect to the sale or purchase of any
securities or commodities. Alaron Trading Corp. its officers,
directors, employees and brokers may in the normal course of business
have positions, which may or may not agree with the opinions expressed
in this report. Any decision to purchase or sell as a result of the
opinions expressed in this report will be the full responsibility of
the person authorizing such transaction.
There is a substantial risk of loss in trading futures and options

	Personal Finance Forum Index -> Market Trends	All times are GMT
Page 1 of 1