Still Bullish On Bonds
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.
March bonds
(
USH1 |
Quote |
Chart |
News |
PowerRating), mentioned
recently, began to rally out of a "running" cup and handle on Friday
(a). The March ten-year notes
(
TYH1 |
Quote |
Chart |
News |
PowerRating) are a similar pattern. Continue to
look for buying opportunities here.
March cotton
(
CTH1 |
Quote |
Chart |
News |
PowerRating) stabbed to
1-year lows but reversed to close above the mid-range. For the nimble, this may
offer a reversal play as traders are likely trapped on the wrong side of the
market.
Once again, March corn
(
CH1 |
Quote |
Chart |
News |
PowerRating), remains in a vulnerable position. Continue to look for a
shorting opportunity here.
Looking Ahead
March coffee
(
KCH1 |
Quote |
Chart |
News |
PowerRating) continues to
hold up fairly well near life-of-contract lows.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!