What’s Up, What’s Down: Spotlight on Financials

Comments for April 11, 2011

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

FINANCIALS:

Higher closes Friday for the Eurodollars and notes while lower for the bonds. The Eurodollars made another NEW CONTRACT HIGH AND CLOSE while the notes made its worst low since March 4th and the bonds since February 22nd, The notes have now given me a SELL SIGNAL while the bonds are close. Finally, if you look at the charts below for the notes and bonds they really haven’t gone anywhere since last December. BUY SIGNAL FOR THE

But in early morning trading today, the Financials are down just slightly. My Futures HeatMap, a color-coded view of the eight futures market sectors, shows that Financials, as of 8:30 am Central this morning (April 11), are down a composite 0.10%. To view the Heat Map, click, or type this link into your browser: http://www.markethead.com/2.0

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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 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.