Spoos Stalling?
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.
face=”Arial, Helvetica”>For those of you planning to attend
the TradingMarkets2000 First Annual Traders Conference at
the Venetian Resort, Hotel & Casino in Las Vegas on
October 13-15, I’ll be speaking on Saturday afternoon
following Jay Leno. I’ll also be at the cocktail party
Friday night. Sign up soon, as space is limited.
out "Bow Ties," my latest trading lesson.
face=”Arial, Helvetica”>At the time this is being published,
the S&P Globex futures are trading up 0.25 points and
the bond market is unchanged.
face=”Arial, Helvetica”>The September dollar
(
DXU0 |
Quote |
Chart |
News |
PowerRating)
looks poised to continue its strong uptrend. Look for
shorting opportunities in the September Swiss franc
(
SFU0 |
Quote |
Chart |
News |
PowerRating) and euro
(
ECU0 |
Quote |
Chart |
News |
PowerRating).
face=”Arial, Helvetica”>
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Yet again, the VIX
hit 13-month lows. This, combined with the fact that the
September S&P futures
(
SPU0 |
Quote |
Chart |
News |
PowerRating) stalled out near their
recent highs, suggests that the index is vulnerable. Look
for a shorting opportunity here.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!