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

Comments for March 18, 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

SELL SIGNAL FOR THE DOW?

INDICES: 3/18/11 (Retail Sales released today). Sharply higher closes yesterday for the cash and Dow futures along with the S&P’s and nasdaq.The long-term trends for the indices still appear to be higher overall but I now have a SELL SIGNAL for the Dow futures to go along with the sell that I already have for the nasdaq. A sell for the S&P’s remains close. All three indices made new recent lows before settling higher in reversal type action. BUY SIGNAL THE S&P’S. SELL SIGNALS FOR THE DOW AND NASDAQ. CALL FOR DETAILS!

001 chart

002 chart

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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 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.