Nasdaq Bounce Ends

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 March Nasdaq futures
(
NDH1 |
Quote |
Chart |
News |
PowerRating)
appear to be stalling out in their
retrace from lows. Look for a shorting opportunity here.face=”Arial, Helvetica”>

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February crude
(
CLG1 |
Quote |
Chart |
News |
PowerRating)
, mentioned recently, looks poised to continue its
downtrend out of a three-bar rally from lows. Look for
shorting opportunities here.

Best of luck with
your trading on Wednesday!

face=”Arial, Helvetica”>Dave Landry

P.S. Reminder:
Protective stops on every trade!

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