Spooz Still Vulnerable?
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.
There’s not much to look at again tonight.Â
The VIX imploded on Thursday. Therefore, the September
S&P futures
(
SPU1 |
Quote |
Chart |
News |
PowerRating) and Dow Futures
(
DJU1 |
Quote |
Chart |
News |
PowerRating) could set up as shorts
over the next few days. As mentioned Wednesday, wait for the tape to turn before
considering entries.
Â
Looking Ahead
The energies should set up as shorts on their
first bounce.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!