One More Shot In Bonds?
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.
face=”Arial, Helvetica”>For those of you planning to attend
the TradingMarkets2000 First Annual Traders Conference at
the Venetian Resort, Hotel & Casino in Las Vegas on
October 13-15, I’ll be speaking on Saturday afternoon
following Leno. I’ll also be at the cocktail party
Friday night. Sign up soon, as space is limited.
December bonds
(
USZ0 |
Quote |
Chart |
News |
PowerRating), mentioned recently, had a
decent close on Friday and look like they might have one more stab to
life-of-contract highs left in them–especially if the stock market slide
continues and oil continues to correct. Look for a buying opportunity here.
width=”470″ height=”320″>
December corn
(
CZ0 |
Quote |
Chart |
News |
PowerRating), mentioned recently,
seems to have found support and is beginning to rally out of a low level
pullback–or, if you prefer, a saucer and handle. Look for a buying opportunity here.
October
feeder cattle*
(
FCV0 |
Quote |
Chart |
News |
PowerRating) and live cattle
(
LCV0 |
Quote |
Chart |
News |
PowerRating) appear to be stalling out
in their pullbacks from lows. Look for a shorting opportunity here.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
*For those new to trading futures,
feeder cattle are the tiny little cattle they feed the big cattle to fatten them
up.