Bonds Still Set Up
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 S&P futures
(
SPU1 |
Quote |
Chart |
News |
PowerRating), mentioned recently (see archives for
details), still look vulnerable. Therefore, continue to look for a shorting opportunity here.
September bonds
(
US1U |
Quote |
Chart |
News |
PowerRating), mentioned Friday, still look like they have the
potential to rally out of a pullback. The September ten year notes
(
TYU1 |
Quote |
Chart |
News |
PowerRating)
have formed a similar pattern. Look for a
buying opportunities here.
Once again, August feeder cattle
(
FCQ1 |
Quote |
Chart |
News |
PowerRating) continue to
consolidate at lower levels and
still look poised to make another stab lower. Look
for a shorting opportunity here.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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