Futures Weekly Review and What's Ahead for Next Week

Well this week we saw fridays NFP numbers come in with a lower jobs number but unemployment dropping to 6.1% and the markets rallied with that info to move higher. The ES closed on Friday at a all time high of 2006.00 and continues to look strong.

This next week I'm expecting more volume and liquidity in the markets as more traders are back trading and ready to roll no pun intended on Sept 11th to the December contract. I still believe the treasuries will move higher as the ZB 30 yr Bond looks to head higher after this pull back into 138"22.  GC gold contract looks to head a little lower before there should be some buyers and greater support found at around the 1200 level before pushing a little higher.

This next week is a lighter on the news coming out but that doesn't mean less volatility as we should start seeing some nice moves as we head into the Fall.

Happy Trading,

-david