Still Noteworthy?

  • October 15, 2001
  • Dave Landry

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
tonight. Cattle, mentioned recently as a short, continues to implode
but is not offering any new entries. The currencies appear to be in
transition mode but it’s too early to pick a direction. Many other
commodities are scraping life-of-contract lows but it’s too early to
call bottoms. 

Based on the above, it seems like
the interest rate markets remain, if you pardon my pun, the most
interesting.

Considering the above, December ten
year notes (TYZ1),
mentioned recently, appear to be resuming their uptrend uptrend out of
a pullback from highs. Continue to look for a buying opportunity here.

 

And, December bonds (USZ1),
also mentioned recently, also appear to be resuming their uptrend out
of a pullback from highs. Continue to look for a buying opportunity
here.

 

Best of luck with your
trading on Tuesday!

Dave
Landry

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

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