Euro Weak; Dollar Strong
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.
September Bonds
(
USU1 |
Quote |
Chart |
News |
PowerRating) appear to be putting in a low-level cup and
handle formation. Look for a buying opportunity here, but use caution as the bond
market appears to be at the mercy of the stock market.
The
September Euro
(
ECU1 |
Quote |
Chart |
News |
PowerRating), mentioned Monday night, still looks vulnerable.
Continue to look for a shorting opportunity here.
Best of luck with
your trading on Wednesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!