What’s Up, What’s Down: Time to Brush up on Economics 101

Comments for Tuesday, May 11, 2010

Looking Ahead to Today by Reflecting Back at Monday’s Price Action


Sharply higher close yesterday for the Eurodollars, while lower for the notes and bonds with Greece being bailed out. This will be a recurring theme in my comments today. However, down the road I expect ‘bad things’ to happen to the world’s economies overall. Just brush up on your old economic courses. Meanwhile, the Eurodollar has a sell signal and the bonds along with the notes buy signals at this time. BUY SIGNALS FOR NOTES AND BONDS. SELL SIGNAL FOR THE EURODOLLARS. CALL FOR DETAILS!

Eurodollars Chart

Treasury Bond Chart

Treasury Note 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.

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