What’s Up, What’s Down: New Contract Highs for Eurodollars and Bonds

Comments for Thursday, August 19, 2010

Looking Ahead to Today by Reflecting Back at Wednesday’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.

FINANCIALS:

Higher closes yesterday for Eurodollars and bonds while lower for the notes but no changes technically. The Eurodollar made a new CONTRACT HIGH AND CLOSE while the bonds made new CONTRACT HIGH. All of the financials continue to be in uptrends mainly due to the ‘flight to quality’. BUY SIGNALS FOR THE EURODOLLARS, NOTES AND BONDS. CALL FOR DETAILS!

Eurodollar Chart

Treasury Note Chart

Treasury Bond Chart

There has been a lot of talk and advertising for Gold exchange traded funds (ETFs). Do you understand the difference, from a trader’s point of view, between gold futures and gold ETFs? Download my comparative evaluation report at https://www.zaner.com/3.0/ralexGold.asp.

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 80% winning ETF trades in the model portfolio from October 2008 through July 2010 – you too can realize this level of success with Larry Connors’ Daily Battle Plan.