What’s Up, What’s Down: Higher Bonds, Lower Eurodollars
Comments for Monday, December 1, 2008
Looking Ahead to Today By Reflecting back at Friday’s price action
Higher for notes and bonds but lower for the Eurodollars. The Eurodollars are now in a large bull triangle acting like they will test their highs. The notes and bonds settled higher with the former making a new contract high and close and the latter a new contract high close. I have a Buy Signal for Note and Bond futures.
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 email@example.com.