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Comments for February 25, 2010
Looking Ahead to Thursday by reflecting back on Wednesday’s trading action
The Relationship between the US Dollar Index and Stock Index Futures
INDICIES: 02/25/10 . Higher closes Wednesday for the Dow, S&P's and Nasdaq but no changes technically once again. All of the indicies continue to be in short term uptrends while forming large potential tops at this time. The dollar continues to be in a uptrend which should keep a lid on the indicies working higher and probably making my buy signals short-lived. The reason I say this is that the fed keeps talking about rates probably holding or moving higher but the has held up well in spite of this kind of talk.
Read the balance of my morning comments, including the Energies, Metals and Currencies 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.