What’s Up, What’s Down: Higher Bonds, Lower Eurodollars
Comments for Monday, December 1, 2008
Looking Ahead to Today By Reflecting back at Friday’s price action
FINANCIALS:
Higher for notes and bonds but lower for the Eurodollars. The Eurodollars are now in a large bull triangle acting like they will test their highs. The notes and bonds settled higher with the former making a new contract high and close and the latter a new contract high close. I have a Buy Signal for Note and Bond futures.
Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. If you would like a free booklet explaining the charts mentioned above, email Rick at ralexander@zaner.com.