Index Futures To Bust 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.
Bonds
(
USU2 |
Quote |
Chart |
News |
PowerRating) finished Monday with a bearish outside day with a close in
the bottom of its range. With the possibility of building strength in the index
futures, bonds could be a short side play.
Corn
(
CZ2 |
Quote |
Chart |
News |
PowerRating) broke out of a five-week triangle, on a large gap
higher. It did not close well, so wait for follow through.
Finally, the energy complex closed at or near the top off their
intraday ranges on Monday. Daytraders could potentially take advantage of the
building momentum if they follow through Tuesday.
Have a great trading day Tuesday!
Duke
P.S. Use stops on every trade.