Boom For Bonds?
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.
Cocoa
(
CCN2 |
Quote |
Chart |
News |
PowerRating) could be a possible momentum play if it decides to retest
the May high.
Bonds
(
USU2 |
Quote |
Chart |
News |
PowerRating) and 10-year notes
(
TYU2 |
Quote |
Chart |
News |
PowerRating) are trading in
triangles at their highs, and could be poised for a breakout.
Finally, in the index futures, be ready for a possible reversal,
as we have multiple CVR buy signals Friday night.
Have a great trading day Monday!
Duke
P.S. Use stops on every trade.