What’s Up, What’s Down: Eurodollar Triple Top Still in Place

Comments for Wednesday, March 24, 2010

Looking Ahead to Today by Reflecting Back at Tuesday’s Price Action


Higher for the Eurodollars and notes while lower for the bonds. The Eurodollar still has its TRIPLE TOP still in place but I’m eliminating my sell signal staying neutral until it breaks out of its sideways pattern more clearly. The bonds keep just missing a buy signal while the notes have been losing some steam at this time. BUY SIGNAL FOR THE NOTES. CALL FOR DETAILS.

Eurodollars Chart

Treasury Bond Chart

Treasury Note Chart

See 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.

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