Plethora Of Index Sell Signals
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.
August bellies
(
PBQ1 |
Quote |
Chart |
News |
PowerRating), mentioned recently,
still look vulnerable. Continue to look for a
shorting opportunity here.
July beans
(
SN1 |
Quote |
Chart |
News |
PowerRating) look poised to rally out inverted head and
shoulders bottom/pullback. Look for a buying opportunity here.
We have a plethora of sell signals tonight (Tuesday) on the
Market
Bias Page. Continue to look for shorting opportunities in the June index futures.
Best of luck with
your trading on Wednesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!