No Shortage Of Shorts
Marc Dupee will be out of the
office until April 9. In his absence this column is being written by
TradersWire’s Duke Heberlein.
The stock index futures are rallying again today and
could be setting up into pullback from lows on all three contracts. Dow
futures
(
DJM1 |
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PowerRating) are up 146 at 9470, Nasdaq 100 futures
(
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PowerRating) are now down 2 points at 1732 and the S&P futures
(
SPM1 |
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PowerRating) are up 11.50 at 1165.
Cocoa
(
CCK1 |
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PowerRating) is continuing to rebound off a 50% retracement level
and has recaptured both its 20- and 50-day moving averages.
May cotton
(
CTK1 |
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PowerRating)Â is
also another pullback from low.
Finally, March feeder cattle
(
FCH1 |
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News |
PowerRating) appears ready to make a probe back toward its January low.
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