Notes Away?

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.


March Ten Year Notes
(
TYH1 |
Quote |
Chart |
News |
PowerRating)
, like
the 30-year, has formed a cup and handle at its 50-day moving average. To me, it
now looks more positive than the 30-year. Look for a buying opportunity here
but wait for follow through as it did close off its high..

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March beans
(
SH1 |
Quote |
Chart |
News |
PowerRating)
, mentioned
recently, still look vulnerable. Continue to look for a shorting opportunity
here.

Ditto for March corn
(
CH1 |
Quote |
Chart |
News |
PowerRating)
.

Looking Ahead

March coffee
(
KCH1 |
Quote |
Chart |
News |
PowerRating)
continues to
try to find a bottom.

Best of luck with
your trading on Thursday!

face=”Arial, Helvetica”>Dave Landry

P.S. Reminder:
Protective stops on every trade!

 

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