Comments for Tuesday, October 5, 2010
Looking Ahead to Today by Reflecting Back at Monday’s Price Action
Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors.
Higher closes Monday for the rbob while lower for the crude and heating oil along with natural gas. The crude and heat made new recent highs before settling lower in reversal type action while the rbob made a new recent high and close. All of these energies continue to look higher for now. Gas, on the other hand made a new CONTRACT LOW AND CLOSE. Also, according to my sources it could take several years to dwindle down the over supply of gas. BUY SIGNALS FOR CRUDE AND HEATING OIL ALONG WITH THE RBOB. SELL SIGNAL FOR NATURAL GAS. CALL FOR DETAILS!
Lower closes Monday for the cash and dow futures along with the S&P’s and nasdaq this time. All of the indices continue to look higher overall but a large segment of the population doesn’t trust the Dow’s latest rally led by the nasdaq (tech stocks) which is what led the major bull market several years ago. Also, over the last week or so the indices have been consolidating and the nasdaq looks a little toppy at this time. BUY SIGNALS FOR THE DOW, S&P’S AND NASDAQ. 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 email@example.com.
The information in this Report and the opinions expressed are subject to change without notice. Neither the information nor any opinion expressed constitutes a solicitation by Rick Alexander or the Zaner Group of the purchase or sale of any futures or options. Futures and options trading is speculative in nature and involves risks. Spread trading is not necessarily less risky than outright positions. Futures and options trading is not suitable for all investors.