Bounce Play In Dow and Spooz?
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 June S&P futures
(
SPM1 |
Quote |
Chart |
News |
PowerRating) appear to be finding support near the
bottom of their recent range. This, combined with Market Bias buy signals (see
my Stock Outlook), suggests that we could see a bounce. For the nimble, look for
a buying opportunity here.
The June Dow Jones futures
(
DJM1 |
Quote |
Chart |
News |
PowerRating) also look
constructive.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!