Indices Set Up For Daytraders

September 26, 2001
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.

For you nimble daytraders, the December index
futures are set up as a pullback from lows. The Dow Jones futures, followed by
the S&P futures, look most vulnerable.

The December Japanese Yen
(
JYZ1 |
Quote |
Chart |
News |
PowerRating) looks
like it has the potential to rally out of a pullback from highs. Look for a
buying opportunity here.

December silver
(
SIZ1 |
Quote |
Chart |
News |
PowerRating), mentioned
recently, still looks like it has more upside potential. Continue to look for a
buying opportunity here.