Continue To Let The Markets Come To You

February 22, 2002
Dave Landry

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.

There’s not too much to look at again tonight.
And, once again, this isn’t necessarily a bad thing. By letting the markets come to you (e.g., the index futures as shorts
when they setup recently), you will be much more successful.

Once again, about all I could find that looked interesting was
March sugar
(
SBH2 |
Quote |
Chart |
News |
PowerRating),
mentioned recently. It still looks poised to continue its downtrend out of a
pullback from lows. Just don’t overstay your welcome since bargain hunters
might step in at life-of-contract lows. One last point, the commodity is now set
up as a low volatility situation. One way to play this would be to wait to see if
it breaks (falsely) to the upside and then reverses. In other words, a
volatility “head fake."