Following Up And Looking Ahead

April 1, 2002
Dave Landry

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.

I was unable to find any meaningful new setups tonight. Therefore, I’ll jump
right to what may set up soon and what has recently set up:

Follow Up/Looking Ahead

Most of the foreign currencies were up sharply on Monday. We could see setups
here soon.

Bellies and hogs appear to be resuming their longer-term downtrend. We could
see setups here soon on a pullback.

At the risk of boring you death, once again, May unleaded gas
(
HUK2 |
Quote |
Chart |
News |
PowerRating), mentioned recently, continues to
rally. If you were fortunate enough to take trades here,Â make sure you
lock in a piece/trail a stop.

May natural gas
(
NGK2 |
Quote |
Chart |
News |
PowerRating), also mentioned recently, was also up sharply on
Monday. Make sure you lock in a piece and trail a stop here too.