Financials: Dec. Bonds are currently 1'22 lower at 142'05 and the 10 Yr. Notes 22 lower at 129'31. Better than expected Holiday shopping on Black Friday and massive short covering in equities have pushed the Bonds and Notes sharply lower. If you have the long 5 Yr. Note/short 10 Yr. Note take profits. If you are long any out of the money puts, either take profits or roll them down to a lower strike price.

Grains: Over night Beans were 14 cents higher, Corn 11 higher and Wheat 10 higher. We remain long Mar. Corn with a protective sell stop at 586'0.

Cattle: Feb. LC are currently are currently 75 higher at 123.05 and Jan FC 72 higher at 145.35.

Silver: Dec. Silver is currently 1.06 higher at 32.07. If you remain bullish consider out of the money calls and/or call spreads for March 2012 expiration.

S&P's: Dec. S&P's are currently 40.00 higher at 1194.00. If you remain long from last weeks buy recommendation in the 1185.00 area, take profits. Short hedgers in FC should take note of recent price advances for hedging opportunities.

Currencies: As of this writing the Dec. Euro is trading 135 higher at 1.3374, the Swiss 119 higher at 108.74, the Yen 48 lower at 1.2825 and the Pound 131 higher at 1.5563. If you remain short Yen futures either take profits or use a close protective buy stop. If you remain long out of the money puts in Jan. or March Yen, I recommend rolling them down to a lower strike price. If you are long out of the money puts and/or put spreads in Euro, hold.

Regards,
Marc
888.908.4310 | 312.264.4310
mnemenoff@pricegroup.com