Personal Finance

Marc (BROKER) · Guest

Trading Recommendations
For the Trading day of Tuesday, October 25, 2005

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

Financials: Bonds worked lower yesterday partially due to the
announcement of a potential new Fed chairman who will continue a
stabilizing Fed policy, i.e. fighting inflation by controlling rates.
If inflation goes up so will rates. I continue to look to the short
side of the market on rallies. This morning bonds are trading at
113'01 and I will look to go short on rallies to the
113'16-114'00 level. As mentioned over the last week I caution
against selling into the market on breaks as there is good support
under 112'15 all the way down to 112'00. It will take closes below
112'04 to project a break to the 110'00 area.

Grains: Nov. Beans managed to put in a positive day closing up 2 ¾. We
are holding long positions under 5.78 with sell stops at 5.61 for
protection. Dec. Corn closed below 2.00 on new contract lows. We have
been stopped out of long futures positions but are holding long 210 and
220 calls as a low risk trade. These have about 20 trading days until
expiration. It is time to start watching Dec. Wheat as it is only 7
cents from contract lows. I will be looking for buying opportunities if
new lows are made.

Cattle: Dec. cattle closed slightly higher after being 50 pts. lower
early in the session as a reaction to Friday's Cattle on Feed Report.
I still favor the short side on rallies and have lowered my buy stop to
91.40 stop close only for protection. If the 88.50 level is reached,
either take profits or lower buy stops to 90.50

Silver: I still see Silver as a trading market between the mid 7.40's
and mid 7.80's. Long term trends remain up and sharp breaks can be
viewed as buying opportunities for both futures and out of the money
calls.

S&P's: Dec. S%P's entered the 1202-1208 level yesterday an area I
have been recommending for re-establishing short positions. Use buy
stops at 1216 for protection. Near term support is in the 1185 area. If
the 1185 area is penetrated lower buy stops to 1196.

Regards,
Marc

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