Trading Recommendations Jan.4 2010

By Marc Nemenoff
04 January 2010 @ 10:23 am EDT

Financials: Bonds are currently unchanged at 115’12. Last week we took profits on the combination of short Mar. Bonds and short the Mar. Bond 115’00 put. For the moment my downside objective for this market has been met and I am currently on the sidelines. Near term support is currently 114’28 and near term resistance 117’06. Treat as a trading market between support and resistance.

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