Dow OK For Now?
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 Dow futures
(
DJM1 |
Quote |
Chart |
News |
PowerRating) appear to be finding support at the top of
its recent range (11,000). Look for a buying opportunity here but don’t overstay
your welcome as the VIX, a contrary indicator, remains at relatively low
levels.
The June Japanese Yen
(
JYM1 |
Quote |
Chart |
News |
PowerRating), mentioned Friday, appears to be attempting
to continue in the direction of its recent gap/thrusts. Continue to look for a buying opportunity here.
Best of luck with
your trading on Wednesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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