Comments for January 14, 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.
STOCK INDICES STILL LOOK TO BE IN STRONG UPTRENDS
INDICES: 1/14/11: reports today: BUSINESS INVENTORIES. CONSUMER PRICE INDEX. REAL EARNINGS RETAIL SALES] Lower closes yesterday for the cash and dow futures along with the S&P’s and nasdaq . All of the indices continue to be in strong uptrends overall with the S&P’s and nasdaq making new CONTRACT HIGHS before settling lower in reversal type action with relatively quiet action ahead of several major reports due on Friday. BUY SIGNALS FOR THE DOW, S&P’S AND THE NASDAQ. CALL FOR DETAILS!
Early closing today for certain electronic-platform markets, ahead of the Martin Luther King, Jr. Day holiday. Trading floors are closed on Monday, January 17, 2011 but there will be limited trading hours on the electronic platforms. For a complete schedule for US futures markets, for January 14-17, visit my website, http://www.zaner.com/3.0/market_information/hot_topics.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.