Not So Sweet
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.
There are only two markets that look interesting to me tonight
(Tuesday).
October
sugar
(
SBV0 |
Quote |
Chart |
News |
PowerRating), mentioned recently, appears to be stalling out in its rally
from lows. This suggests a big picture rounded top has been put in. Continue to
look for a shorting opportunity here.
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Even though December
bonds
(
USZ0 |
Quote |
Chart |
News |
PowerRating) were up on Tuesday but, so far, it just looks like a
retracement from lows. Look for a shorting opportunity here but wait for
confirmation to the downside as they did close well.
Best of luck with
your trading on Wednesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!