Friday, November 28, 2008

Treasuries Thin Also; What's Trading Well

Traders in treasuries must have gone on vacation en masse today also. Volume is so thin that the tick chart is lagging severely behind even the shortest time interval charts.

However, I have had good results today so far trading the Eurodollar futures! They are very liquid, probably because many European trading desks are unaffected by the Thanksgiving Holiday.

Shorting the Euro currency futures has also been a good trade. The US Dollar has shown some solid strength today, after showing considerable weakness over the past few days. I trade what the market tells me to trade.