Potential Day Trades In Indicies and 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
markets opening. Therefore, overnight events may alter the
outcome of these observations.
June bonds
(
USM1 |
Quote |
Chart |
News |
PowerRating) look like they have the potential to probe their
recent lows and possibly “soup” (reverse) off of them–especially when
you consider that Friday is options expiration. For the nimble only, this might
set up as a day trade if the market violates these lows (a) and begins to
reverse back above them.
The June index futures look poised to resume their uptrend out of a pullback.
However, don’t overstay your welcome (i.e. day trade only) as the Vix is close
to a low for the year.
Â
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
Â