Spooz Stall
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.
The June S&P futures
(
SPM1 |
Quote |
Chart |
News |
PowerRating), gapped higher on the open but ran into
resistance and reversed to close poorly. This, combined with CVR sell signals on
the Market
Bias Page suggests we could have a few down days. For the nimble, look for
shorting opportunities here.
Once again, for you bottom fishers, July cotton
(
CTN1 |
Quote |
Chart |
News |
PowerRating), continues to bump along (find support) near life-of-contract lows. Continue to
look for a buying opportunity here.
Looking Ahead
July lean hogs
(
LHN1 |
Quote |
Chart |
News |
PowerRating) appear to have topped out and may offer setups on
the short side soon.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!