Noteworthy
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.
Once again, the December Ten
Year Notes (TYZ1)
looks like it has the potential to rally out of a pullback. Look for
buying opportunities here but don’t overstay your welcome as we remain
in an event-driven market.
The December Canadian Dollar (CDZ1)
gapped higher but reversed to close poorly. This action suggests that
its downtrend remains intact. Look for a shorting opportunity here.
Best of luck with your
trading on Monday!
P.S. Reminder: Protective
stops on every trade!
