Nasdaq Resumes Downtrend
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.
The March Nasdaq futures
(
NDH1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, appear to be
resuming their downtrend out of a pullback from lows. Continue to look for a shorting opportunity
here.
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The March Ten Year Bonds
(
TYH1 |
Quote |
Chart |
News |
PowerRating) look like they have the potential to
resume their strong uptrend out of a pullback from highs. Look for a buying
opportunity here.
January feeder cattle
(
FCG1 |
Quote |
Chart |
News |
PowerRating) looks poised to resume its strong uptrend
out of a pullback from highs. Look for a buying opportunity here.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
P.P.S. HAPPY NEW YEAR!!!!!!!
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