Nasdaq Futures Retrace
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
market’s opening. Therefore, overnight events may alter the
outcome of these observations.
There’s not much to look at tonight. Juice, mentioned Tuesday night, rallied
on Wednesday but closed off of its highs. Obviously, the energies have come back
to life, but so far, haven’t offered any entries. Sugar, mentioned recently as a
short, reversed on Wednesday. Â
Although the December Nasdaq futures
(
NDZ0 |
Quote |
Chart |
News |
PowerRating) were up on Wednesday, so far, they appear to be in retrace mode at
best. Therefore, look for a shorting opportunity on any resumption of weakness.
face=”Arial, Helvetica”>
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Volatility Watch
December gold
(
GCZ0 |
Quote |
Chart |
News |
PowerRating)
also remains a low volatility situation. Continue to watch for a larger-than-normal move (in either direction) as volatility
reverts to its mean.
December coffee
(
KCZ0 |
Quote |
Chart |
News |
PowerRating) is once again a low volatility situation. Watch for a larger-than-normal move (in either direction) as volatility
reverts to its mean.
Best of luck with
your trading on Thursday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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