Comments for Friday, October 15, 2010
Looking Ahead to Today by Reflecting Back at Thursday’s Price Action
Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors.
[Economic Reports released today: BUSINESS INVENTORIES. CONSUMER PRICE INDEX. REAL EARNINGS. RETAIL SALES] Higher closes yesterday for the cash and Dow futures along with the S&P’s and Nasdaq again. All of the indices continue to look higher ahead of three more important reports on Friday after the Dow and Nasdaq made new CONTRACT HIGHS AND CLOSES and the S&P’s new recent highs and closes. Watch the financials closely because, if they turn down, that could possibly means the public is feeling better about what’s happening and then the dollar will turn around. This could then signal a near term top in the stock market. Of course, this is my interpretation of what might happen! BUY SIGNALS FOR THE DOW, S&P’S AND THE NASDAQ. CALL FOR DETAILS!
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. Email Rick at firstname.lastname@example.org.
The information in this Report and the opinions expressed are subject to change without notice. Neither the information nor any opinion expressed constitutes a solicitation by Rick Alexander or the Zaner Group of the purchase or sale of any futures or options. Futures and options trading is speculative in nature and involves risks. Spread trading is not necessarily less risky than outright positions. Futures and options trading is not suitable for all investors.