FINANCIALS: 01/05/10 Higher closes yesterday for the eurodollar and notes but lower for the bonds but no changes technically. The eurodollars are still in a support area closing on the same contract high price for the third time. The bonds and notes continue to look lower overall with the former in a small BEAR PENNANT. Except for 'flight to quality' I can't see why people would want to be long the financials with interest rates at or near rock bottom and the indicies still in up-trends at this time! I hold sell seginals for bonds and notes. Please feel free to contact me for details.
METALS: 01/05/10 Higher to sharply higher settlements Monday for copper, gold, silver and platinum. Copper continues to look higher with a new recent high and close( highest high and close since 2008) again while platinum made a new CONTRACT HIGH AND CLOSE. Gold gave me a BUY SIGNAL but silver still looks lower in the short-term making lower lows and highs since the middle of December.