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The Nemenoff Report / Trade Recommendations for November 22nd, 2006
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Marc Nemenoff / Futures and Options Strategist  
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 More options Nov 23 2006, 1:08 am
Newsgroups: misc.invest.futures, misc.invest.technical
From: "Marc Nemenoff / Futures and Options Strategist" <rrosenb...@alaron.com>
Date: 22 Nov 2006 05:08:58 -0800
Local: Thurs, Nov 23 2006 1:08 am
Subject: The Nemenoff Report / Trade Recommendations for November 22nd, 2006
Receive early distribution of "The Nemenoff Report" by e-mailing your
request to: mnemen...@alaron.com

Please  e-mail me with your comments and suggestions. Let me know how I
can refine the Nemenoff Report to better fit your needs. I would also
like to know if this report has been a useful tool for you.

Financials: Bonds are trading 1 lower as of this writing at 113'03.
Resistance remains in the 113'08-113'14 area and support remains at
112'06. I still prefer the short side on rallies to resistance using
a buy stop for protection at 114'00. We remain spread long 10 Yr.
Notes/ short Bonds and long the Mar. 110'00 puts. If you were able to
sell the market at 113'08 yesterday be sure to have your stop in
place.

Grains: The Grains once again closed higher and are trading in
resistance in Mar. Corn and Mar. Beans. Over night Corn is up 4 cents,
Beans up 6 and Wheat up 6. Support for Mar. Corn is 3.61 and resistance
3.87, support in Mar. Beans remains at 6.65 and resistance is now 6.93.
Support for Mar. Wheat remains below 4.90 and resistance is 5.17. I
remain on the sidelines for the moment.

Cattle: Both Live and Feeder Cattle closed moderately higher yesterday.
We remain long the nearby (Dec. or Feb.) Live Cattle and will raise our
sell stops to 86.20 on Dec. Cattle and 89.50 on Feb. Take profits if
the market is 50-75 higher today. We remain spread long Feb. / short
Jun. from the 380 level premium the Feb.

Silver: Silver is trading 2 higher as of this writing at 13.11. Support
remains at 12.60 and resistance at 13.25. I will remain on the
sidelines until after the Holiday weekend.

S&P's: The S&P's continue to trade marginally higher but have lost
some of their momentum. Support remains at 1384 and resistance at 1408.
I remain on the sidelines.

Currencies: The Euro is trading 40 higher this morning at 1.2900 above
near term resistance. The next level of resistance is 1.2920. Support
is now 1.2840. Short term traders might consider going short above
1.2917 with a protective buy stop at 1.2980. My out of the money puts
are trading at just a few points and I will hold them for the moment in
the event there is a break over the next 2 weeks.

Have a Happy Thanksgiving!

mnemen...@alaron.com 800 935 6496

The information and data in this report were obtained from sources
considered reliable. Their accuracy or completeness is not guaranteed
and the giving of the same is not to be deemed as an offer or
solicitation on our part with respect to the sale or purchase of any
securities or commodities. Alaron Trading Corp. its officers,
directors, employees and brokers may in the normal course of business
have positions, which may or may not agree with the opinions expressed
in this report. Any decision to purchase or sell as a result of the
opinions expressed in this report will be the full responsibility of
the person authorizing such transaction.

There is a substantial risk of loss in trading futures and options.


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