Looking ahead to Friday by reflecting on Thursday's trading action

Stock Index Futures June/September Roll-Over Began Yesterday, June 10

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: 6/11/10 Higher closes Thursday for the eurodollars while lower for the notes and bonds again. The eurodollar made its highest close in three weeks again while the the notes and bonds lower again due to the strong rally in the indicies.

Now the notes and bonds are showing potential topping signs. BUY SIGNALS FOR EURODOLLAR,NOTES AND BONDS. CALL FOR DETAILS!

CURRENCIES: 6/11/10 Higher for the Canadian and Aussie Dollar along with the British Pound, Euro Fx and Swiss Franc while lower for the dollar index. The euro and franc are still in long-term downtrends but the franc is now close to a buy signal.

The yen settled lower looking like its forming a nice base and should continue to move higher overall but I don't have a signal at this time. The Canadian Dollar closed sharply higher making its highest close since May 13th and also giving me a BUY SIGNAL.

The pound also moved higher with its highest close in a month. A key price to watch is 14772 which could then trigger a buy signal. The Aussie Dollar closed sharply higher also near a buy signal with 8448 its price to key tabs on.

The dollar index settled lower again now showing topping signs. BUY SIGNALS FOR THE DOLLAR INDEX AND CANADIAN DOLLAR. SELL SIGNALS FOR THE EURO FX,SWISS FRANC, BRITISH POUND AND AUSSIE DOLLAR. CALL FOR DETAILS!

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.

Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors. The information in this Report and the opinions expressed are subject to change without notice. All known news and events have already been factored into the price of the underlying commodities discussed.