The CRB TrendTrader report is Long 5 and 10 Year T Notes and Short 3 month Eurodollars - Flat 2 Year T Notes and 30 Year US T Bonds.

See full position report below.

Remember - day traders work for the markets - Trend Traders let the markets work for them, the Trend is your friend!

The CRB Futures Market Service is one of the oldest and most respected market letters in the industry since 1934.

U.S. Interest Rate Markets

June 10-year T-notes this morning are trading down -2 ticks.  T-note prices yesterday recovered from early weakness and settled up +2 ticks at 116-275.  Bullish factors included (1) an increase in the safe-haven demand for Treasuries after the stock market moved lower early, (2) the unexpected decline in the Mar NAHB housing market index to an 11-month low (-2 to 15 versus expectations of unchanged at 17), and (3) speculation that the Fed will signal interest rates will remain unchanged for much of this year when it releases its post-FOMC statement following Tuesday's monetary policy meeting.  Bearish factors yesterday included (1) the smaller-than-expected decline in the Mar Empire manufacturing index (-2.0 to 22.9 versus expectations of -4.9 to 20.0), (2) the unexpected increase in Feb US industrial production which has increased for 8 consecutive months (+0.1% versus expectations of unchanged), (3) the stronger-than-expected Feb capacity utilization rate which rose to its highest level in 15 months (+0.2 to 72.7 versus expectations of unchanged at 72.6%), and (4) weakened foreign demand for Treasuries after total foreign purchases of Treasury notes and bonds fell -12% m/m in Jan to $61.4 billion after China and Japan, the two biggest holders of US debt, reduced their holdings.

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About CRB

The Commodity Research Bureau has been leading the world in commodities research and analysis since 1934.  Based in Chicago, Illinois, the firm has been the innovator of the CRB Indices, as well as the publisher of the CRB Yearbook, Encyclopedia, CRB Price Charts, TrendTrader and Futures Market Service newsletters.

About CRB TrendTrader

In 1963, the Commodity Research Bureau developed a computerized trading system for the purpose of removing the emotional human element from market forecasting. Since then, countless trading programs, timing theories, and techniques have been designed and popularized by an even wider universe of individuals and companies for the purpose of "beating" the futures market. Yet, today, CRB's TrendTrader remains one of the oldest and most respected technical daily market letters.

TrendTrader system analyzes four different technical studies to categorize markets as trending up, sideways, or down. These four studies are a combination of moving average, price volatility, market momentum, and various time cycles. Support and resistance levels are recalculated daily and serve as "stops" when the market is in a trend phase and mark the breakout levels for new up or down trends when markets are in a sideways mode.

The system is for medium to long-term trading and is designed to maintain positions throughout minor and medium-term corrections. TrendTrader tracks over 79 markets, including foreign exchange (FX), stock indices, interest rates, metals, energies, grains, meats, foods & fibers and exchange traded funds (ETF).