Down Jones And Spoo Slide?
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 December Dow Futures
(
DJZ0 |
Quote |
Chart |
News |
PowerRating), mentioned Monday night, still appear to
be only pulling back from lows. Continue to look for a shorting opportunity here
on any resumption of weakness.
The December S&P Futures
(
SPZ0 |
Quote |
Chart |
News |
PowerRating) formed a bearish outside day down in
a pullback on Tuesday(a). This suggests their downtrend remains intact.
face=”Arial, Helvetica”>
width=”470″ height=”320″>
The December Canadian Dollar
(
CDZ0 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks
like it has the potential to resume its downtrend out of a pullback from lows.
Look for a shorting opportunity here.
March sugar
(
SBH1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still can’t seem to rally but
still looks like a bullish pullback. Continue to
look for a buying opportunity here, but as always, wait for follow-through to
the upside.
Best of luck with
your trading on Wednesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!