Premium trade review: 23 Jan 2012

Premium trade recommendations: 23 January 2012

Currency market:

1.     Hold on to short April 2012 dollars entered at 51.60 (current 51.30) with stop at cost and t/p at 51.00.

2.     Buy January 2012 dollars in two lots at 50.10/49.90 with stop at 49.70 and t/p at 50.60

3.     Long EUR/USD at 1.2875 (current 1.2925). Add at 2825 with stop below 1.2800 and t/p at 1.3025

4.     Sell EUR/USD at 1.3025-1.3075 with stop above 1.3100 and t/p at 1.2850

5.     Hold on to short USD/JPY at 77.25 (current 77.00). Add second lot at 77.75 with stop above 78.00 and t/p at 76.60

6.     Buy USD/JPY in two lots at 76.50-76.25 and 75.75-75.50 with stop at 75.25

Interest rate market:

1.     Buy 10Y Bond at 8.21-8.24% with stop at 8.26% and t/p at 8.05% (bad luck....weakness halted at 8.20% before into 8.16%)

2.     Sell 10Y bond at 8.04-8.01% with stop at 7.99% and t/p at 8.19%

3.     Hold 1Y OIS receive book at 8.05 (current 7.97). Add at 8.05% for 7.75%

4.     Hold 5Y OIS received book at 7.30 (current 7.26). Add at 7.35-7.40 % for 7.10%

5.     Hold on to receive book of Jan/Dec at 273 (current at 262). Add at 278 and t/p at 262

Commodity market:

1.     Short in NYMEX crude at 100.50 out at 97.90. Now, sell at 99.50 with stop at 100.50 and t/p at 95.50

2.     Short first lot in Gold at 1660 (current 1672). Add second lot at 1680 (with stop above 1690) for 1630-1620

Equity market:

1.     Buy in two lots at 5000-4975 and 4925-4900 with stop below 4850 for 5300

2.     Strategic investors to hold on to entry of first lot at 4550 with trail stop below 4850. Add second lot at 4925-4875 for near term objective at 5350.

Good luck......................Moses Harding