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

By Marc Nemenoff
12 March 2010 @ 09:58 am EDT

Financials: June Bonds are currently 11 lower at 116'08. This morning's Retail Sales report came out better than expected at +0.3% versus a pre-report guesstimate of -0.3%. 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 continue to use a protective buy stop at 116'28. If the market trades below 115'26 lower your buy stop to the 116'17 level. Support remains at 115'18.

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