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Interest Rate Update for 22-Dec-04 (Dated Sample) Copyright
Jump To: Charts & Data |  Bonds Commentary

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Financials Commentary from Jeremy Smith at Traders Exchange Corp.
 

Financials:   Bonds are trading just below resistance at 113 and we think the market is close to completing a lower top.   The market has support at 112-10 and breaking there should start a new leg lower to 111.   Near term option traders should be watching for rallies for quick plays to the downside.   Economic news scheduled for Thursday should add some volatility.   The 110-20 support level is still holding for the last 4 months and is the near term target on the downside before year end.     Positive economic news and weaker Oil prices will help to break the Bonds down over time but so far we have not seen a large correction in Oil and economic news continues to be mixed.    Major long term top being formed as rates are moving from 50 year lows and going higher.   Stock Index's are plowing through near term resistance and the next stop in the S & P 500 should be close to the 1215 level.   Year end targets are 1225 in the S & P and 11,000 in the Dow Jones.    The Index's are trying to tell us that something good is around the corner maybe Oil prices are ready for a free fall or hopefully some positive news out of Iraq.   We are watching for interday breaks to get long futures Friday was a good example.    Traders looking to play the Stock Index's should be using tight stops and not be afraid to get out quickly.    The S&P 500's breakout out looks incredible on the monthly charts and should not be under estimated going into next year.   Near term resistance is 1200 in the S & P and breaking there should target 1225 to 1250.  The Crb Index has now rallied about 10 points from the recent lows near 274 and futures traders can look to reposition with short futures at 286 or better.   Multi year highs have been established near 290 and traders should be looking at long term puts on rallies.   The end to the historical bull run in commodity prices is near.   When the U.S. Dollar gets a solid footing watch the Metals Sector react violently on the downside and that's what started last week.      

Jeremy Smith is Ceo and Head of Market Research with Traders Exhange Corp. (www.TradersExchange.com). Jeremy has enjoyed about 8 years of trading and founded Traders Exchange Corp. in 2002. Trading styles consist of strong blend of fundamental and technical anaylsis.
 
Bonds Commentary from Paul Skarp at www.Alaron.com
Not Available


Paul was born and raised in Hazleton, PA or the lower Poconos as many call the area. I became interested in the futures market when I was around 17 years old. I attended South Carolina State University, however, I did not graduate. After leaving Penn State I went to work on the COMEX. While there I worked in a variety of clerical positions including a position as an options clerk.


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