LOOKING AHEAD TO FRIDAY BY REFL ECTING BACK ON THURSDAY'S ACTION
Focus on Financials:
FINANCIALS: 07/24/09 Lower closes yesterday for the eurodollar, notes and bonds again helped by the indices closing sharply higher. The eurodollar is still in a strong uptrend while the bonds have not been acting well lately and are close to a sell signal but not quite with 11520 area basis the Sepember contract being important to hold. The notes also are close to a sell with the buy signal still in tact at this time. Long term, however, is still down for both the notes and bonds.
See the balance of my morning comments, including the Currencies, Grains and Energies at my website. For my complete coverage, visit my commentary page at www.markethead.com/2.0