Re-Test In Nasdaq Futures?

April 19, 2002
Dave Landry

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.

Although June heating oil
(
HOM2 |
Quote |
Chart |
News |
PowerRating) (mentioned recently) faked out to the
downside ("hooked up"), it still looks like it has the potential to
mount another leg lower.

June
hogs
(
LHM2 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still look like they have the potential to
resume their downtrend out of a pullback.

The June Nasdaq 100 futures
(
NDM2 |
Quote |
Chart |
News |
PowerRating) looks like it has the potential to
re-test its recent lows, especially if it takes out Thursday’s pivot low.