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Comments for July 13, 2010

Looking ahead to Tuesday by reflecting on Monday’s trading action

Spotlight on the Financials Sector

Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors

FINANCIALS: 7/13/10 Slightly higher close Monday for the bonds while slightly lower for the eurodollars and notes. The eurodollar equaled Friday's high making DOUBLE TOP that probably doesn't mean much but still can't be overlooked while in an uptrend overall. The notes and bonds were close to either side of unchanged with no changes technically. All of the indices continue to be in bull markets overall with the Sept. notes having support around the 12010 area and the bonds below 125.00. BUY SIGNALS FOR THE EURODOLLARS, NOTES AND BONDS. 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 or call toll-free (888) 281-4158.