What’s Up, What’s Down: Spotlight on Energies
Comments for July 15, 2011
Looking ahead to Friday by reflecting back on Thursday’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
SPOTLIGHT ON ENERGY FUTURES
INDICES: 7/15/11 reports today: INITIAL CONSUMER PRICE INDEX. REAL EARNINGS. CAPACITY UTILIZATION. INDUSTRIAL PROCUCTION]. Lower closes yesterday for the cash and dow futures along with the S&P’s and nasdaq ahead of Friday’s multitude of reports. Although I still have buy signals for the dow and nasdaq (lowest close in 9 trading days) I’m now standing on the sidelines for the S&P’s (lowest close in 2 weeks). An important price to watch for the dow is 123190 and the nasdaq 231450.BUY SIGNALS FOR THE DOW AND NASDAQ. CALL FOR DETAILS!
In early morning trading the Stock Indices sector is trading up 0.37%, from yesterday’s closing prices. There are five futures contracts which comprise the Stock Index sector; and Indices is one of eight sectors featured in my Futures HeatMap – a color coded guided to the various market segments strengths and weaknesses. View the HeatMap at https://www.markethead.com/2.0
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 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.