Silver To Shine?
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.
March silver
(
SIH1 |
Quote |
Chart |
News |
PowerRating), gapped lower
on Wednesday’s open (a) but reversed to close well (b). This action suggests
that its uptrend from major lows remains intact. Look for a buying opportunity
here.
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March unleaded gas
(
HUH1 |
Quote |
Chart |
News |
PowerRating),
mentioned recently, still looks like it has the potential to resume its uptrend.
Continue to look for a buying opportunity here.
The VIX reversed from relatively low
levels on Wednesday. Look for shorting opportunities in the index futures on any
sign of price reversals.
Best of luck with
your trading on Thursday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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