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
FINANCIALS:
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!
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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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