What’s Up, What’s Down: No Changes Technically for Treasury Futures

Comments for Thursday, September 23, 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.


Higher closes Wednesday for notes and bonds while unchanged for Eurodollars but no changes technically. The Eurodollar has been in a long-term uptrend but also is in the same trading range dating back to the end of July. The notes and bonds have also been in a long-term uptrend due mostly to ‘flight to quality’ since the public, basically, has been mistrusting the good economic news that has been coming out lately. SELL SIGNALS FOR THE NOTES AND BONDS. CALL FOR DETAILS!

EuroDollar Chart

Treasury NoteChart


Higher closes yesterday for the Aussie Dollar, Swiss Franc, Japanese Yen, Canadian Dollar, Euro Fx and British Pound while, obviously, lower for the dollar index once again. The euro and franc continue looking strong while the yen continues to rebound off Japan’s intervention pushing it down. I’ve now bought yen options based on my experience that currency intervention almost never works. So please call me if you are interested in my plan of attack to take advantage what history tells me will be a rally back in the yen! The pound closed higher again still getting closer to a potential buy signal. The Aussie Dollar made another new CONTRACT HIGH AND CLOSE continuing to lead the way higher along with the franc. The dollar index settled lower unable to hold a critical area with its worst low and close since February 3rd.

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.