Bacon Sizzles

March 14, 2001
Dave Landry

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, we have multiple buy signals on the Market
Bias Page. This suggests that there may be bounce play in the June
index futures. Don’t be a hero though, wait for follow through to the upside,
don’t overstay your welcome, and use strict money management should you decide to
play.

May cocoa
(
CCK1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, once again looks vulnerable. Look
for a shorting opportunity here.

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Follow Up

May bellies
(
PBK1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, appear to be in blow-off mode.
If you have a position here, make sure you “feed the ducks while they are
quacking.” In other words, lock in profits on a piece.