The Nemenoff Report - Bonds Lower, Yen Lower, S&P's Steady

By Marc Nemenoff
10 March 2010 @ 10:50 am EDT

Financials: June Bonds are currently 10 lower at 116'06. The market is currently in near term support. If the market breaks through the 116'06 area the next level of support will be the 115'18 level. If you remain short the Bonds or continue to hold the combination of short Bonds and short the June Bond 115'00 put either take profits or lower your protective buy stop to the 116'28 level. For those of you who have on the combination of short Bonds and short the 115'00 put, if you are stopped out of the Bonds, cover the short put.

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