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.

T-bond

T-bond futures

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10

10 Year T-Note Futures

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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