Index Futures Poised To Continue Rally
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.
Based on the action in the cash market (see
tonight’s Stock Outlook), I still like the March Dow Futures
(
DJH2 |
Quote |
Chart |
News |
PowerRating),
mentioned Friday night. The March S&Ps
(
SPH2 |
Quote |
Chart |
News |
PowerRating) and Nasdaq 100’s
(
NDH2 |
Quote |
Chart |
News |
PowerRating) also look interesting.
March Sugar
(
SBH2 |
Quote |
Chart |
News |
PowerRating), mentioned recently, is
now at an interesting juncture. If it can take out Friday’s high (a), it would
suggests that its uptrend remains intact. Otherwise, avoid the contract.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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