What’s Up, What’s Down: Eurodollar Triple Top Still in Place
Comments for Tuesday, April 13, 2010
Looking Ahead to Today by Reflecting Back at Monday’s Price Action
FINANCIALS:
Higher closes for the notes and bonds while lower for the Eurodollars. The Eurodollar still has its TRIPLE TOP in place but I’m staying neutral until it breaks out of its sideways pattern since late February in either direction. The notes and bonds settled higher again now both in possible bottoming formations and near a buy signal. SELL SIGNALS FOR THE NOTES AND BONDS. CALL FOR DETAILS!
Read the balance of my morning comments, including the Metals, Softs, Energies and Grains, at my website. For my complete coverage, visit my commentary page at www.markethead.com.
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.
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.