Spoos And Jones To Bounce?
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
market’s opening. Therefore, overnight events may alter the
outcome of these observations.
March soybeans look
(
SH1 |
Quote |
Chart |
News |
PowerRating) look poised to resume its strong uptrend out
of a pullback. Look for a buying opportunity here.
face=”Arial, Helvetica”>
Although, February live cattle
(
LCG1 |
Quote |
Chart |
News |
PowerRating) (mentioned Wednesday), was down
on Thursday, it still looks like it has the potential to resume its longer-term uptrend. Continue to look for a buying opportunity here.
The Vix reversed
on Thursday after hitting new highs (a). This add several buy signals to the Market
Bias Page. Look for buying opportunities in the March S&P
(
SPH1 |
Quote |
Chart |
News |
PowerRating)
and Dow Jones Futures
(
DJH1 |
Quote |
Chart |
News |
PowerRating).
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!