Meats Weak
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
market’s opening. Therefore, overnight events may alter the
outcome of these observations.
face=”Arial, Helvetica”>For those of you planning to attend
the TradingMarkets2000 First Annual Traders Conference at
the Venetian Resort, Hotel & Casino in Las Vegas on
October 13-15, I’ll be speaking on Saturday afternoon
following Leno. I’ll also be at the cocktail party
Friday night. Sign up soon, as space is limited.
February bellies
(
PBG0 |
Quote |
Chart |
News |
PowerRating) appear to have stalled out in
their rally from lows. Look for a shorting opportunity here.
width=”470″ height=”320″>
October live cattle
(
LCV0 |
Quote |
Chart |
News |
PowerRating), mentioned Friday night, still
looks vulnerable. Continue to look for a shorting opportunity here.
December corn
(
CZ0 |
Quote |
Chart |
News |
PowerRating), mentioned recently,
continues to hold up well. Continue to look for a buying opportunity here.
Looking
Ahead
December copper
(
HGZ0 |
Quote |
Chart |
News |
PowerRating) is in a fast move higher and may offer a
setup on the long side over the next few days.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!