Down Jones?
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.
Although the December Dow Futures
(
DJZ0 |
Quote |
Chart |
News |
PowerRating) were up on Monday, they appear
to be stalling out near recent resistance and look poised to resume their
downtrend. Look for a shorting opportunity here on any resumption of weakness.
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November soybeans
(
SX0 |
Quote |
Chart |
News |
PowerRating), mentioned Friday night, appear to be resuming
their downtrend. Continue to look for a shorting opportunity here.
March sugar
(
SBH1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, can’t seem to get going, but so
far, has done nothing wrong and appears to be just pulling back. Continue to
look for a buying opportunity here.
Looking Ahead
December bonds
(
USZ0 |
Quote |
Chart |
News |
PowerRating) took out life-of-contract highs on Monday and may
set up over the next few days on a pullback.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!