Is Juice Ready To Goose?
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
market’s opening. Therefore, overnight events may alter the
outcome of these observations.
The December Dow Jones futures
(
DJZ0 |
Quote |
Chart |
News |
PowerRating), mentioned last night, followed though from Monday’s reversal.
Continue to look for a buying opportunity here.
January orange juice
(
OJF1 |
Quote |
Chart |
News |
PowerRating) has formed a Bow Tie (a). Look for a buying
opportunity here.
face=”Arial, Helvetica”>
March sugar
(
SBH1 |
Quote |
Chart |
News |
PowerRating), mentioned Monday night, appears to be resuming its
meltdown. Continue to look for a shorting opportunity here.
Volatility Watch
December gold
(
GCZ0 |
Quote |
Chart |
News |
PowerRating)
remains a low-volatility situation. Continue to watch for a larger-than-normal move (in either direction) as volatility
reverts to its mean.
Best of luck with
your trading on Wednesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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