Nothing Much
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
market’s opening. Therefore, overnight events may alter the
outcome of these observations.
There’s not much to look at tonight (Friday). The index futures are oversold
but this isn’t reason enough to be a buyer. Bonds appear to be putting in bottom
at high levels but there’s no set up. And, the energies have become too
choppy and volatile.
Considering the above, there is only one market that looks interesting to me
tonight (Friday).
The December Canadian Dollar
(
CDZ0 |
Quote |
Chart |
News |
PowerRating), mentioned Thursday night, formed a
bearish outside day down on Friday. Continue to look for a shorting opportunity here.
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Looking Ahead
Copper appears to be rolling over and may set up over
the next few days.
Juice may be trying to find a bottom.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!