Nasdaq 100 Remains Vulnerable

March 8, 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.

The June Nasdaq 100 futures
(
NDH1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, appear to be resuming their longer-term
downtrend. Continue to look for
shorting opportunities here.

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Although April lean hogs
(
LHJ1 |
Quote |
Chart |
News |
PowerRating) closed poorly on Thursday, they still
look like they have the potential to resume their strong uptrend. Look for
buying opportunities here but wait for a resumption of the longer-term trend.