Slip Sliding Away

• April 3, 2001
• Marc Dupee

Marc Dupee will be out of the
office until April 9. In his absence this column is being written by
TradersWire’s Duke Heberlein.

Both the Dow futures
(
DJM1 |
Quote |
Chart |
News |
PowerRating) and the S&P
futures
(
SPM1 |
Quote |
Chart |
News |
PowerRating), profiled by Dave Landry in last night’s Futures
Trading Outlook, are heading lower out of pullbacks from their recent lows.
DJM1 is down 160 points at 9620 and the spoos are negative by 23.80 at 1126.50.

Silver
(
SIK1 |
Quote |
Chart |
News |
PowerRating) is triggering a Turtle
Soup Plus One Buy signal in this morning’s session.

 

 

April lean hogs
(
LHJ1 |
Quote |
Chart |
News |
PowerRating), off the Momentum-5
List, have formed a mini triple bottom and could retest the March 19
contract highs.

 

 

Finally, cocoa
(
CCK1 |
Quote |
Chart |
News |
PowerRating) is
resuming its meltdown out of a broken inverted head and shoulders, and could
make a probe toward the previous low at the top of the head in the pattern.

 

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