LOOKING FOR PROFESSIONAL HELP IN YOUR TRADING/INVESTING?
MANAGED FUTURES – TRADE RECOMMENDATION ACCOUNTS – AUTOMATED ALGO ACCOUNTS
The SP500 futures are up almost .5% today on more strong economic data out of the US. We continue to watch the Russell 2000 futures. We believe there is a technical pattern on the Russell 2000 futures which may complete at about 1275, about 30 points above current market prices. The USD is also up on the day this far, with the EUROUSD lower. We believe that the EUROUSD may continue to fall to at least 1.08, possibly testing recent low area of 1.05. The US bond futures are up 1 point this morning, potentially on lower oil prices as well as short-covering. We believe this may just be a blip in the bigger picture bearish bond environment which us potentially developing. This week is a busy week with regards to economic data, topped off by Friday’s jobs report.
Past performance is not necessarily indicative of future results. Trading commodity futures and options is speculative, involves risk of loss, and is not suitable for all investors.
All information, communications, publications, and reports, including this specific material, used and distributed by Lido Isle shall be construed as a solicitation for entering into a commodity interest transaction. Lido Isle does not distribute research reports, employ research analysts, or maintain a research department as defined and intended by CFTC Regulation 1.71.