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Comments for February 11, 2010
Looking ahead to Thursday by reflecting back on Wednesday’s trading action
New BUY Signals for Treasuries?
FINANCIALS: 02/11/10 Higher closes Wednesday for the eurodollars but lower for the bonds and notes again. The eurodllars really haven't gone anywhere since January 7th while the notes and bonds both closed lower after the dollar settled weaker. However, all of the financials are still in uptrends at this time but the bonds and notes are starting to form possible topping formations.
The Presidents’ Day early closing and holiday trading hours schedule, for February 12-15, is posted on my website. Click or copy/pasting to your browser: http://www.zaner.com/3.0/market_information/hot_topics.asp
Read the balance of my morning comments, including the Softs, Grains and Meats at my website. For my complete coverage, visit my commentary page at www.markethead.com
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.
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