Another Shot At Notes?
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.
Once again, the December Ten Year Notes
(TYZ1)
still look like they have the potential to rally out of a pullback. Also, if it
doesn’t move soon, it will also likely set up as a low-volatility situation.
Continue to look for a buying opportunity here. Just don’t overstay your welcome
as we remain in an event-driven environment.
The December Canadian Dollar (CDZ1),
mentioned recently, still looks vulnerable. Continue to look for a shorting
opportunity here.
December silver (SIZ1),
mentioned Monday, still looks like it has the potential to rally out of its
first pullback since its recent melt up. Look for a buying opportunity here.
Best of luck with your trading on
Wednesday!
P.S. Reminder: Protective stops on
every trade!
P.P.S.
I look forward
to meeting you in
about week at TM2001.
Don’t hesitate to register, because in addition to showing you every
important variation on pullback setups, I’ll also be teaching you my
favorite new techniques including: how to capture trends before the crowd
using "transition in trend" patterns
and how to ride huge momentum off false moves…both
to the long and short side.
