Bonds Away?
Each evening we focus
on the most interesting aspects for the upcoming trading
day. The comments are based on observations of the nightly
updates of the Futures and Market Bias pages. They are
provided for educational purposes only and are not intended
to be direct trading advice. Also, keep in mind that these
remarks are made up to 12 hours in advance of the markets
opening. Therefore, overnight events may alter the outcome
of these observations.
face=”Arial, Helvetica”>Join me, fellow TradingMarkets.com
content providers, and other traders and money managers at
the Trading Markets 2000 conference at the Venetian Hotel
Resort and Casino in Las Vegas on October 13-15, 2000.
face=”Arial, Helvetica”>Want a sneak peek at one of my
favorite, never-before-published patterns?
here!
At the time this
is being published, the Globex S&P futures are trading
up 2 points and the bond market is trading up 1 tick.
September bonds
(
USU0 |
Quote |
Chart |
News |
PowerRating), mentioned recently, appear to be holding up
well at higher levels and look poised to take another stab
at the old highs. Look for a buying opportunity here.
face=”Arial, Helvetica”>
width=”470″ height=”320″>
December wheat
(
WZ0 |
Quote |
Chart |
News |
PowerRating) appears to be stalling out and looks poised to
make one more stab at life-of-contract lows. Look for a
shorting opportunity here, but use caution, as it will
likely find support at those lows.
Volatility
Watch
The September
British pound
(
BPU0 |
Quote |
Chart |
News |
PowerRating) is now a low-volatility situation.
Watch for a larger-than-normal move (in either direction) as
volatility reverts to its mean.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
P.P.S. Due to a
scheduling conflict, I won’t be writing my commentaries on
Friday night. If you happen to be in Ontario, California,
look for me at the Online Trading Expo over the weekend.