Indices Still Vulnerable
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 March Nasdaq 100 futures
(
NDH1 |
Quote |
Chart |
News |
PowerRating) and March S&P futures
(
SPH1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, failed to
take out their prior day’s high. This suggests that their downtrend remains intact. Continue to look for
shorting opportunities here.
May cotton
(
CTK1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks like it has the
potential to resume its downtrend.
Best of luck with
your trading on Thursday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!