Yield To Momentum

• September 25, 2001
• Marc Dupee

Momentum, up or down, dominates markets in the short term. 

This morning, we’re seeing contracts from the
Implosion-5 List breaking to new lows. 

October
live cattle
(
LCV1 |
Quote |
Chart |
News |
PowerRating) is trading at a contract low and October sugar
(
SBV1 |
Quote |
Chart |
News |
PowerRating) is
trading at an 18-month low. Both contracts made good on Off The Blocks
shorts. 

Also from the
Implosion-5 List, November crude oil
(
CLX1 |
Quote |
Chart |
News |
PowerRating),
after its worst plunge in a decade yesterday, is continuing its downward
path and is making good on the same short-entry strategy. 

Going the other way, 10-year notes
(
TYZ1 |
Quote |
Chart |
News |
PowerRating),
from the Pullback From Highs List,
triggered after trading above the high of the low bar in the pullback and
are up 14/32 at 108 6/32.

Similarly,
euro FX futures
(
ECZ1 |
Quote |
Chart |
News |
PowerRating) are making good on their Pullback From Highs
setup.