What’s Up, What’s Down: Spotlight on Financials
Comments for December 30, 2010
Looking ahead to Thursday by reflecting back on Wednesday
Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors
Bear Triangles Forming in the T-Notes and Bonds?
Financials: 12/30/10 Higher closes yesterday for the eurodollars, notes and bonds.The eurodollar finally closed above 9960(Mar.) giving me a BUY SIGNAL. Meanwhile the notes and bonds closed sharply higher but in what looks like BEAR TRIANGLES to me which means they’re most likely going to continue lower overall unless these continuation patterns fail. That would probably then give me buy signals. The odds are still lower overall. BUY.SIGNAL FOR THE EURODOLLARS. SELL SIGNALS FOR THE NOTES AND BONDS. CALL FOR DETAILS!
I have the complete New Year’s holiday trading hours schedule posted at the HOT TOPICS https://www.zaner.com/3.0/market_information/hot_topics.asp page on my website.
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.