What’s Up, What’s Down: Financials Sharply Lower

Comments for Thursday January 22, 2009
Looking Ahead to Today By Reflecting back at Wednesday’s price action


Sharply lower yesterday for the eurodollars, bonds and T-Notes. The eurodollars are still in an uptrend overall but have been flattening out to gradually moving higher over the last few weeks. However, I now have a sell signal for the bonds while the notes are still in a potential topping formation.

10-Year T-Note Chart

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.