Let The Markets Come To You
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.
There’s not too much to look at tonight. This isn’t necessarily a bad thing
though.
Hopefully, you caught the move in the index futures and were able to lock in
profits (see recent archives). Now, the best thing to do is to wait for the next
opportunity in these and other markets. Said another way, let the markets come
to you.
About all I could find that looked interesting was March sugar
(
SBH2 |
Quote |
Chart |
News |
PowerRating),
mentioned recently. It still looks poised to continue its downtrend out of a
pullback from lows. Wait for an entry though since it was up on Wednesday. And,
as mentioned recently, don’t overstay your welcome since bargain hunters
might step in at life-of-contract lows.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!