Bonds Away?

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.


 The December ten year notes
(
TYZ1 |
Quote |
Chart |
News |
PowerRating)

still look like they have the potential to resume their uptrend out of a
pullback from highs. Continue to look for a buying opportunity here.

December bonds
(
USZ1 |
Quote |
Chart |
News |
PowerRating)
also look poised
to rally out of a pullback from highs. Continue to look for a buying opportunity here.

December cocoa
(
CCZ1 |
Quote |
Chart |
News |
PowerRating)
, mentioned recently, still looks like it might have the potential to
rally out of a pullback. Continue to look for a buying opportunity here but wait
for follow through (i.e. for it to trade above Thursday’s high) before
considering an entry.

Best of luck with
your trading on Monday!

face=”Arial, Helvetica”>Dave Landry

P.S. Reminder:
Protective stops on every trade!

 

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