Scalper's Market Predictions
updated June 7, 1996
There will not be any updates until after June 21 because my monitor crashed and I will be moving home for the summer. I will post my actual trades starting after June 21.
Deutschemark Futures: BUY at 0.6420
As of Friday the mark is at 0.6482, we are up $3987.50. The mark may stay around it's current level or may go slightly higher, but not for any large amount. We are anticipating that the mark will continue down to around the 0.6400 level with in the next few months.
US Bond Futures: Stay out
Our limit order at 110^30 was tripped on Monday April 22, 1996, and was the high for the day. Our limit order of 110^05 was tripped on May 23 so we bought at 110^05 and hold a buy position with one contract. Bonds closed at 110^00 on Friday, and we made $781.50 on the previous trade and our loss limit was tripped on 5/29 with a loss of $500 on that trade. We are down $1218 overall. Bonds closed at 107^20 on Friday.
