Trading Recommendations For Thursday - 22 Oct

By Marc Nemenoff
22 October 2009 @ 12:59 pm EDT

Financials: Dec. Bonds are currently 13 lower at 119'12, the 10 Yr. Notes 7 lower, the 5 Yr. Notes 3 lower and the 2 Yr. Notes 1 lower. We continue to hold the combination of short Dec. Bonds and short the Dec. Bond 116'00. I continue to recommend covering the short Dec. Bond 116'00 put at 15 points if the market allows (currently at 40 points). The Bonds are once again approaching near term support in the 118'12-118'20 level. If the 118'12 level is penetrated the next level of support will be the 117'18 level.

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