Dollar Still Vulnerable?
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 Dollar, mentioned recently, still appears to be vulnerable. Therefore,
there still may be opportunities in the inverse currencies (also mentioned
recently) such as the
June Japanese Yen
(
JYM2 |
Quote |
Chart |
News |
PowerRating), the June Euro
(
ECM2 |
Quote |
Chart |
News |
PowerRating) and the June Swiss Franc
(
SFM2 |
Quote |
Chart |
News |
PowerRating).
Follow Up
The June Nasdaq 100 futures
(
NDM2 |
Quote |
Chart |
News |
PowerRating), mentioned Thursday night as a
pullback from lows, were down sharply on Friday. If you participated here, make
sure you lock in a piece.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!