Nasdaq Still Set Up

February 27, 2002
Dave Landry

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.

May cotton
(
CTK2 |
Quote |
Chart |
News |
PowerRating), mentioned Monday night, still looks like it has the
potential to resume its breakdown out of a big picture top.

The March Nasdaq 100 futures
(
NDH2 |
Quote |
Chart |
News |
PowerRating) remain
set up as a pullback from lows.

Follow Up

May sugar
(
SBK2 |
Quote |
Chart |
News |
PowerRating) has made a nice move lower
since first mentioned. If you have profits here, you might want to lock in a
piece and move your stop to breakeven.