Kicking The Dogging Dow
Marc Dupee will be out of the
office until April 9. In his absence this column is being written by
TradersWire’s Duke Heberlein.
Stock index futures continue to disappoint as the hammer
is coming down on the Dow futures
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currently down 273 at 9285. The contract has dropped more than 1000 points since
the breakdown from its major support levels. S&P futures
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are getting rained on as well, falling 30.50 to 1101.50. Nasdaq 100 futures
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June dollar index futures
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sharply after forming a bullish outside day in a pullback, a setup noted last
night by Dave Landry in his Futures
Market Trading Outlook. Short positions in the inverse currencies are
profitable this morning as the euro FX futures
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francs
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today’s session.
May pork bellies
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micro triple top and if they can trade over it could retest the contract high.
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April lean hogs
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pulling back to the convergence of their 20-day moving average and a 38.2%
retracement level.
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Finally, orange juice
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appears to be stalling out of a pullback from lows and could resume its
downtrend.
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