What’s Up, What’s Down: Spotlight on Financials
Comments for March 8, 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
BUY SIGNAL FOR EURODOLLARS; SELL SIGNALS FOR BONDS AND NOTES
FINANCIALS: 3/8/11:: Unchanged for the eurodollars while slightly lower for the notes and bonds.. The eurodollars continue to be in a bull market while the notes and bonds, although recently having been in strong retracement rallies, now appear to be in heavy resistance areas and short sales should be considered if you are bearish. There is a nice size area to decide what price and how much you want to risk depending on the size of your risk capital. BUY SIGNAL FOR THE EURODOLLARS. SELL SIGNALS FOR THE NOTES AND BONDS. CALL FOR DETAILS!
Did you know you can trade the Chinese currency via renminbi futures at CME Group? Read my special report on trading Chinese currency futures: https://www.zaner.com/3.0/ljsrenminbi.asp
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.