Nasdaq Poised To Rally
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
(
NDM1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still look
poised to rally out of a cup and handle formation. Continue to look for buying
opportunities here.
For you bottom fishers, July cotton
(
CTN1 |
Quote |
Chart |
News |
PowerRating), mentioned recently,
continues to bump along (find support) near life-of-contract lows. Continue to
look for a buying opportunity here.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!