My Hoof In My Mouth?
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. The dollar, mentioned recently, continued to rally on Friday (and the
inverse currencies fell) but it’s now getting extended. Other commodities such
as the metals, the softs and the grains are extended to the
downside. Â
Considering the above, for those with big
ones*, May bellies
(
PBK1 |
Quote |
Chart |
News |
PowerRating) are holding up well at high levels and look
poised to break higher. I just hope I’m not putting my hoof in my mouth. In all
seriousness, use caution when trading markets that have become news and rumor
driven.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
*accounts
P.S. Reminder:
Protective stops on every trade!
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