Friday’s Top Names

  • August 29, 2002
  • TradingMarkets Editors


The S&P
(
SPU2 |
Quote |
Chart |
News |
PowerRating) and Nasdaq 100 futures
(
NDU2 |
Quote |
Chart |
News |
PowerRating)

still appear to have the potential to continue to roll over.
Daytraders may consider shorts here if they violate Wednesday’s lows, but may
also want to look at possible long side plays if they continue to rally out of
this pullback.



For CVR signals, look at the
TradingMarkets.com Market Bias Indicators



Click Here

Possible
short candidates






Contract
Setup
Direction
Trigger
Copper
(
HGZ2 |
Quote |
Chart |
News |
PowerRating)
Pullback from low		 DOWN break below .6855


U.S.
Dollar
(
DXU2 |
Quote |
Chart |
News |
PowerRating)

Breakdown
from slanted triple bottom

DOWN

break below 106.32
Nov.
frozen OJ
(
JOX2 |
Quote |
Chart |
News |
PowerRating)
Breakdown from head and shoulders
DOWN
 break
below 101.00

Possible long candidates





Contract
Setup
Direction
Trigger
Sept.
10-year note
(
TYU2 |
Quote |
Chart |
News |
PowerRating)		 Pullback
from high
UP		 break
above 113^110

Swiss Franc

(
SFU2 |
Quote |
Chart |
News |
PowerRating)
Break of
trendline
UP

break above .6732

Soybean Meal
(
SMZ2 |
Quote |
Chart |
News |
PowerRating)
Pullback from high
UP
break above 171.30

Soybeans
(
SX2 |
Quote |
Chart |
News |
PowerRating)
Pullback from high
UP
break
above 545 1/2


Please note that while there are
strong trends in some

commodities, one bar or a series of bars forming a setup can sometimes
indicate a contra move for the next day. This contra move may not be
long-lasting — maybe only for a day or two. Trading with the main trend is
always the highest probability trade.


Use stops on all your trades.