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.
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face=”Arial, Helvetica”>For those of you planning to attend
the TradingMarkets2000 First Annual Traders Conference at
the Venetian Resort, Hotel & Casino in Las Vegas on
October 13-15, I’ll be speaking on Saturday afternoon
following Jay Leno. I’ll also be at the cocktail party
Friday night. Sign up soon, as space is limited.
out "Bow Ties," my latest trading lesson.
face=”Arial, Helvetica”>September bonds
(
USU0 |
Quote |
Chart |
News |
PowerRating) have now
formed a three-bar pullback from life-of-contract highs.
Look for buying opportunities here.
face=”Arial, Helvetica”>
width=”470″ height=”320″>
The September
S&P futures
(
SPU0 |
Quote |
Chart |
News |
PowerRating), mentioned
night, still look vulnerable. Continue to look for a
shorting opportunity here, but don’t overstay your welcome,
because so far it looks like only a correction/pullback.
Best of luck with
your trading on Thursday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!