Trading Recommendations For Friday

By Marc Nemenoff
24 July 2009 @ 10:33 am EDT

Financials: Bonds are currently 12 higher at 116'00, the 10 Yr. Notes 6 higher at 116'07, the 5 Yr. Notes unchanged and the 2 Yr. Notes 1 higher. Dec. Eurodollars are 1 higher at 99.240. We remain short the Dec. Eurodollars. As mentioned yesterday I prefer the long side of the Bonds for short term (1-4days) below the 116'20 level. If you go long I would use a protective sell stop at 115'10. If the market trades back up through the 116'20 level, raise your stop to the 115'25 level.

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