Dollar Strong/Spooz 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 June S&P
(
SPM1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks vulnerable.
Continue to look for a shorting opportunity here.
The dollar still looks poised to rally
out of a pullback from highs. Continue to look for shorting opportunities in
inverse currencies such as the June Euro
(
ECM1 |
Quote |
Chart |
News |
PowerRating).
Best of luck with
your trading on Thursday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!