What’s Up, What’s Down: Spotlight on Financials
Comments for August 30, 2011
Looking ahead to Tuesday by reflecting back on Monday’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
NOTES & BONDS STILL APPEAR TO BE IN LONG TERM UPTRENDS
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: 8/30/11 Lower closes yesterday for eurodollars, notes and bonds. The December eurodollar contract has been trading in choppy action since the middle of June basically in a range between 9955 and 9965 keeping me on the sidelines. Meanwhile, notes and bonds still appear to be in long-term uptrends while consolidating over the last three weeks as seen below. Key prices to watch are 12804 for the notes and 13412 for the bonds both in the December contracts. BUY SIGNALS FOR THE NOTES AND BONDS. CALL FOR DETAILS!
Labor Day holiday trading hours schedule now posted at HOT TOPICS page of 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 email@example.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.