Spooz Slide?

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.


Tonight (Friday) we have several indicators pointing lower on the Market
Bias Page
. The suggests that the March index futures may be in for
additional follow through to the downside. Look for shorting opportunities here.

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March corn
(
CH1 |
Quote |
Chart |
News |
PowerRating)
, continues to
rally from lows but still looks like it has the potential to resume is strong
downtrend. Look for a shorting opportunity here but wait for follow through to
the downside before attempting an entry.

Looking Ahead

March beans
(
SH1 |
Quote |
Chart |
News |
PowerRating)
, like corn, are
in retrace mode. They may set up as a short early next week.

Best of luck with
your trading on Monday!

face=”Arial, Helvetica”>Dave Landry

P.S. Reminder:
Protective stops on every trade!

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