Reversal In Beans
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.
I’m sad to announce that my last futures column will be tomorrow (Friday)
night. However, due to the nature of my business (I am a CTA and co-manage a
hedge fund), I will still be following the futures. So, feel free to email me
(click on the link below or at dave@davelandry.com)
anytime if you would like to discuss the markets.
July beans
(
SN2 |
Quote |
Chart |
News |
PowerRating) rallied nicely on Thursday. This action reverses
Wednesday sell off and suggests that it will resume its uptrend out of a
pullback.
The September Swiss Franc
(
SFU2 |
Quote |
Chart |
News |
PowerRating), mentioned recently, looks like it has the potential to
resume its uptrend out of a pullback.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!