The Snap Back
Marc Dupee will be out of the
office until April 9. In his absence this column is being written by
TradersWire’s Duke Heberlein.
Stock index futures are bungee jumping off their
extremely oversold conditions. Nasdaq 100 futures
(
NDM1 |
Quote |
Chart |
News |
PowerRating) is the
biggest percentage gainer, up 6.56%, or 90.50 to 1470. S&P futures
(
SPM1 |
Quote |
Chart |
News |
PowerRating) are now up 25 at 1137.50 and the Dow futures
(
DJM1 |
Quote |
Chart |
News |
PowerRating) are
up 212 points at 9800.
Unleaded
gasoline
(
HUK1 |
Quote |
Chart |
News |
PowerRating), off the Momentum-5
List, is continuing higher in today’s session, up .0075 to .9790, a new
contract high.
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May wheat
(
WK1 |
Quote |
Chart |
News |
PowerRating), from the Pullback
From Lows List, is close to triggering out of this setup.
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Finally, the dollar index futures
(
DXM1 |
Quote |
Chart |
News |
PowerRating) is tracing out a bullish outside day in a pullback, and could be
resuming its uptrend.
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