Jolly Rancher?
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.
Trader’s
Galleria has recently added more products. Check it out and pre-order my upcoming book on swing
trading at a 20% discount while you’re there (I still have no shame).
January feeder cattle
(
FCF1 |
Quote |
Chart |
News |
PowerRating) appear to be making a shallow pullback and
look poised to resume their strong uptrend. Look for a buying opportunity here.
face=”Arial, Helvetica”>
December live cattle
(
LCZ0 |
Quote |
Chart |
News |
PowerRating), like feeders, look poised to resume their
uptrend. Look for a buying opportunity here.
December cotton
(
CTZ0 |
Quote |
Chart |
News |
PowerRating), mentioned Thursday night, still looks
vulnerable.
Looking Ahead
Copper has begun to pullback from lows. This market may be worth a look over the next few days
as a pullback from lows.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!