More Spooz Slide?

February 15, 2002
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.

If you missed the move in the index futures (mentioned recently), they still
look like they have additional downside. This is especially true in the March
S&P futures
(
SPH2 |
Quote |
Chart |
News |
PowerRating).

March sugar
(
SBH2 |
Quote |
Chart |
News |
PowerRating) still looks poised to continue its downtrend out of a
pullback from lows. However, don’t overstay your welcome since bargain hunters
might step in at life-of-contract lows.