What’s Up, What’s Down: Is the Bull Back?

Comments for Tuesday, September 21, 2010

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

Futures and options trading is speculative in nature and involves substantial risk of loss.  Futures and options trading is not suitable for all investors.

INDICES:

FOMC MEETING. HOUSING STARTS & PERMITS. Higher closes Monday for the cash and Dow futures along with the S&P’s and nasdaq. The Dow and S&P’s gave me BUY SIGNALS while making, along with the cash, their best highs and closes since the middle of May. Not to be outdone the nasdaq had its highest high and close since the beginning of May. BUY SIGNALS FOR THE DOW, S&P’S AND NASDAQ. CALL FOR DETAILS!

Emini DowChart

Emini S&P Chart

Emini Nasdaq Chart

Is open-outcry going away? Do you know exactly how much futures trading is executed on electronic platforms like Globex?  Download my Trading Volume report at https://www.zaner.com/3.0/ralexVolume.asp  (or copy & paste this link into your browser).

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 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.

With 81% winning ETF trades in the model portfolio from October 2008 through August 2010 – you too can realize this level of success with Larry Connors’ Daily Battle Plan.