Personal Finance

Marc (BROKER) · Guest

Trading Recommendations
For the Trading day of Monday, October 24, 2005

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

Financials: Bonds have had a pretty decent rally over the last 2
sessions, unfortunately since we were stopped out of longs. I still see
resistance in the 114'00 and will use a rally to this level to either
go short the bonds, 10 yr. notes, or 5 yr. notes. A less risky strategy
would be putting on spreads short the longer term instrument/ long the
shorter term.

Grains: Nov. beans had a break into support below 5.78 trading as low
as 571 Friday and 5.68 ½ Sunday night, providing us with a buying
opportunity Use a sell stop at 5.61 for protection. I was stopped out
of long Dec. Corn at 2.01 on Friday. This was a 5 cent loss.

Cattle: Friday afternoon there was neutral to bearish Cattle on Feed
report showing On Feed: 100.0% (est. 99.0), placed in Sept.: 99.0%
(est. 95.5), Marketed 101.0% (est. 101.7). Continue to sell rallies. My
near term objective is 88.50. On Friday my recommended buy stop was
92.25, lower this to 91.40 stop close only. If the 88.50 level is
reached, either take profits or lower buy stops to 90.50

Silver: For the time being I still see silver as a trading market
between the mid 7.40's and the mid 7.80's. Long term trends remain
up and sharp breaks can be viewed as an opportunity to go long out of
the money calls.

S&P's: Dec. S&P's continue to be a trading affair between the mid
1170's and mid 1190's. I believe the long term trend is down and
will re-establish short positions in the 1202-1208 level.

Regards,

Marc

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