Landry








Swing
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More On How To Handle
An Event-Driven Environment

href=”https://tradingmarkets.com.site/eminis/pros/landry/”>By Dave
Landry


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width=4>
size=1>TradingMarkets.com
April 3, 2003 10:30 AM
ET

Dave Landry is Director of Research at TradingMarkets.com. A Commodity Trading
Advisor (CTA), Mr. Landry is a principal of Sensitive Trading, a money
management firm, and a principal of Harvest Capital Management, a hedge fund.
Mr. Landry’s trading and research focuses on short-term trades lasting from 2 to
7 days using proprietary trend-following techniques and short-term trading
strategies. Mr. Landry has authored a number of trading systems, including the
2/20 EMA Breakout System and the Volatility Explosion Method, and his articles
have been published in Technical Analysis of Stocks and Commodities magazine. He
is also the author of “Dave Landry On Swing Trading”. His research has
been referenced in several books, such as “Connors On Advanced Trading
Strategies” and “Beginners Guide to Computerized Trading”. Mr.
Landry holds a Bachelor of Science degree in computer science from the
University of Southwestern Louisiana and a Masters in Business Administration
from the University of Southern Mississippi.

On Tuesday, the Nasdaq chopped back and forth. It was able
to close in the plus column though. This action puts it back above its 50-day and
200-day moving averages.

The S&P was more orderly. It generally worked its way
higher for much of the day. This action has it closing well.

So what do we do? The fact that the S&P rallied after
just hitting the 50% retracement and 50-day moving average is constructive. However,
looking to charts, I’m finding it virtually impossible to find any meaningful
setups. As I’ve learned, when this occurs, you’re usually better off sitting on
the sidelines.

To make matters worse, Tuesday night promises to be event
filled. So far, there is news of potential SARS in the U.S. and more
importantly, a pending Cent-com announcement
(only). Obviously, the markets will be held hostage by these events.

No setups tonight.


Dave Landry On Swing
Trading:

A Momentum-based
Approach
to Capturing Short-term Market Moves


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