What’s Up, What’s Down: Spotlight on Indices
Comments for May 6, 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
IS THE RBOB (GASOLINE) FUTURES SHOWING THE STRONGEST UPTREND POTENTIAL??
INDICES: 5/6/11: Lower closes yesterday for the cash and Dow futures along with the S&P’s and Nasdaq again but still no changes technically in my opinion. All of the indices appear to me to be in long-term uptrends but we must keep an eye on the dollar which looks oversold. The continued sharp break in the metals may also be a warning that the indices bull markets may be setting up for at least a retracement lower. The unemplyment number could have a profound affect on their direction near term. So far I’ve heard the numbers expected look bad but that would already be factored in the futures prices. BUY SIGNALS FOR THE DOW, S&P’S AND NASDAQ. CALL FOR DETAILS!
In early morning trading, my Futures HeatMap shows the Stock Index sector up 1.07%; making it the strongest of the eight groups which comprise the Futures HeatMap. View the color-coded HeatMap at https://www.markethead.com/2.0.
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.