Sugar Reverses
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.
face=”Arial, Helvetica”>Join me, fellow TradingMarkets.com
content providers, and other traders and money managers at
the Trading Markets 2000 conference at the Venetian Hotel
Resort and Casino in Las Vegas on October 13-15, 2000.
face=”Arial, Helvetica”>At the time this is being published,
the Globex S&P futures are trading 0.70 points lower and
the bond market is trading up 4 ticks.
face=”Arial, Helvetica”>October sugar
(
SBV0 |
Quote |
Chart |
News |
PowerRating) sold off
earlier on Tuesday (a) but reversed to close well (b). This
suggests that its strong uptrend remains intact. Look for a
buying opportunity here.
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Volatility
Watch
September bonds
(
USU0 |
Quote |
Chart |
News |
PowerRating) remain a low-volatility situation (see
commentary for details). The longer the volatility
remains low, the larger the price move (in either direction)
as volatility reverts to its mean.
Best of luck with
your trading on Wednesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!