Down Jones And Spoo Slide Part 2
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 recently, still look poised
to resume their downtrend. Continue to look for a shorting opportunity here.
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The December S&P Futures
(
SPZ0 |
Quote |
Chart |
News |
PowerRating), mentioned recently, continued their
slide on Wednesday and look poised to challenge their old lows (around 1350).
Continue to look for a shorting opportunity here.
Looking Ahead
The dollar broke to life-of-contract highs on
Wednesday. Therefore, the inverse currencies may set up as shorts over the next
few days.
Copper continues its slide, but so far, hasn’t offered a setup on
the short side. This market may be worth a look over the next few days if it can
rally from lows.
Best of luck with
your trading on Thursday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!