Comments for January 4, 2011
Looking ahead to Tuesday by reflecting back on Monday’s trading
Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors.
T-NOTES: IN A BEAR TRIANGLE FOR FORMING A POTENTIAL BOTTOMING FORMATION?
FINANCIALS: 1/4/11: Unchanged for the eurodollars but lower for the notes and bonds. The eurodollar equaled its highs from November 4th before settling lower. Its trend remains higher but is still in a resistance area albeit at the upper end. The notes settled lower but had a good rally off its lows to close near its session’s highs. On one hand the notes look like they’re in a BEAR TRIANGLE but, on the other hand, could be forming a potential bottoming formation. Bonds also settled lower but my by signal, however weak, is still in place. BUY SIGNALS FOR THE EURODOLLARS AND BONDS. SELL SIGNAL FOR THE NOTES. 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 or call toll-free (888) 281-4158.
Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors. The information in this Report and the opinions expressed are subject to change without notice. All known news and events have already been factored into the price of the underlying commodities discussed.