Belly Up Bellies?
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.
There’s not much to look at tonight (Monday). Keep in mind that this isn’t
necessarily a bad thing. Waiting for setups is part of the game.
May bellies
(
PBK2 |
Quote |
Chart |
News |
PowerRating) appear to be stalling out after just two days off of
their lows. This action suggests that they will resume their strong downtrend.
Follow Up/Looking Ahead
The rest of the meats could set up soon if they continue to bounce.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!