Index Futures Poised To 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.
The June index futures–take your pick the Nasdaq 100
(
NDM1 |
Quote |
Chart |
News |
PowerRating), S&P
(
SPM1 |
Quote |
Chart |
News |
PowerRating) and Dow Jones
(
DJM1 |
Quote |
Chart |
News |
PowerRating)–looked poised to rally out of cup and
handles. Continue to look for buying
opportunities here.
June bonds
(
USM1 |
Quote |
Chart |
News |
PowerRating) probed higher earlier in
the day but reversed to close poorly. This action suggests that their strong
downtrend remains intact. Look for a shorting opportunity here.
Best of luck with
your trading on Thursday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!