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
market’s opening. Therefore, overnight events may alter the
outcome of these observations.
March bonds
(
USH1 |
Quote |
Chart |
News |
PowerRating) opened lower (a) but found low right at a recent low/support(b).
It then rallied to close well. This action suggests that its uptrend remains
intact. Look for a buying
opportunity here.
face=”Arial, Helvetica”>
March corn
(
CH1 |
Quote |
Chart |
News |
PowerRating) mentioned recently, still looks like it has the
potential to rally out of a pullback. Look for a buying opportunity here.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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