More Pow In The Dow?

November 1, 2001
Dave Landry

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 much to look at again tonight.

I was anticipating market timing buy signals for Thursday. And they kicked in
but the market already took off. So, much of this rally may have already taken
place. As I look to the index futures, the December Dow Jones futures
(
DJZ1 |
Quote |
Chart |
News |
PowerRating) still look interesting though. They look like they have the
potential to continue their rally from the bottom of their recent trading range.