Nasdaq Reverses
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.
face=”Arial, Helvetica”>Join me, fellow TradingMarkets.com
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Resort and Casino in Las Vegas on October 13-15, 2000.
face=”Arial, Helvetica”>September copper
(
HGU0 |
Quote |
Chart |
News |
PowerRating) formed
a bullish outside day and closed near recent highs. Look for
a buying opportunity here.
face=”Arial, Helvetica”>The September Japanese yen
(
JYU0 |
Quote |
Chart |
News |
PowerRating) appears to be stalling out in a pullback from
lows and looks poised to resume its downtrend. Look for a
shorting opportunity here.
face=”Arial, Helvetica”>The September Nasdaq 100 futures
(
NDU0 |
Quote |
Chart |
News |
PowerRating) gapped higher on Friday (a) but reversed to
close poorly (b). This suggests that its downtrend remains
intact. Look for a shorting opportunity here.
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Volatility
Watch
Once again,
September bonds
(
USU0 |
Quote |
Chart |
News |
PowerRating) remain a low-volatility
situation. The longer the volatility remains low, the larger
the price move (in either direction) as volatility reverts
to its mean.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!