Spooz Slide Or Glide?
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.
The June index futures appear to be stalling out after their recent run.
This, combined with Vix signals on the Market
Bias Page suggests we could see a pull back in here. For the nimble only
(i.e. a day trade), look for a shorting opportunity on signs of a reversal.
Looking Ahead
July cotton
(
CTN1 |
Quote |
Chart |
News |
PowerRating) is once again probing life-of-contract lows. For you
bottom fishers, this may set up as a potential long over the next few days.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!