Spooz Slide??????

February 14, 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.

Tuesday’s TRIN Reversal sell signal combined with low VIX readings (see my
stock column from Wednesday) and an Oscillator Swing System sell signal (and
other reasons listed in Thursday’s stock column) suggests that the March index
futures are poised to resume their downtrends out of pullbacks from lows. Once
again, the Nasdaq 100
(
NDH2 |
Quote |
Chart |
News |
PowerRating) and S&P futures
(
SPH2 |
Quote |
Chart |
News |
PowerRating) look most vulnerable.