Still Noteworthy?
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.
Although the December ten year notes
(
TYZ1 |
Quote |
Chart |
News |
PowerRating)
were down on Thursday, they still look like they have the potential to resume
their longer-term uptrend. December bonds
(
USZ1 |
Quote |
Chart |
News |
PowerRating) are a similar pattern.
Continue to look for buying opportunities here.
The December
Canadian Dollar
(
CDZ1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks vulnerable.
Continue to look for a shorting opportunity here.
December cocoa
(
CCZ1 |
Quote |
Chart |
News |
PowerRating) appears to be stabilizing after pulling back from highs. This action
suggests that its uptrend remains intact. Look for a shorting opportunity here.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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