LOOKING AHEAD TO TUESDAY BY REFLECTING BACK ON MONDAY'S ACTION
Bullish on the Metals and Treasury Sectors
METALS: 08/25/09 Higher closes Monday for copper and silver but lower for gold and platinum. All of the metals continue to be in uptrends overall in choppy daily action. Copper made its highest close of this move so far. Gold sold off while silver closed higher in what looks like spreading action between the two. Platinum settled lower but still should continue to work higher overall along with the rest of the metals.
Contact me by phone or email to download a free copy of my report, Trading Mini Gold and Mini Silver Futures.
FINANCIALS: 08/25/09 Higher closes yesterday for the eurodollar, bonds and notes. The eurodollar continues to be in a uptrend making another new contract high and close in the September contract and a new contract high close in the December. The bonds and notes both rallied to close near their session's highs this time. Both have held up well in spite of the indices moving higher which tells me interests will not be rising for some time. I hold Buy Signals for both Bonds and Notes.
See the balance of my morning comments, including the Softs, Meats and Energies at my website. For my complete coverage, visit my commentary page at www.markethead.com/2.0
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 firstname.lastname@example.org 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.