Tuesday’s Futures Setups

T-bonds
(
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 retested the 104 22/32 low made in Friday’s
electronic Eurex session during today’s pit session in a healthy one-point bounce off a double bottom support. On
the rebound, the contract didn’t do anything wrong, holding retracements and
steadily making higher highs, suggesting more backing and filling of last week’s rout. This contract should encounter resistance at 106
16/32 and then 107 14/32.

Currencies have souped again.
December dollar index futures
(
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are in a
Turtle Soup Plus One
Sell
setup and
Japanese yen

(
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,

euro FX futures

(
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,

Swiss francs

(
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, and

British pounds

(
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are in
Turtle Soup Plus One Buy
setups (or very close to them). This is
particularly negative for the dollar index. 

Grains have a confluence of signals. Corn, soybeans, and bean oil are
flashing they are volatility plays with their 6/100 Low Volatility
readings from today, which become Multiple Days Low
Volatility
setups tomorrow (after their narrow closes). Grains are all
indicating direction — up. Corn, beans, and wheat all hit New 10-Day Highs,
with wheat holding its own after Friday’s expansion bar. A dollar index loss
tomorrow is positive for grains as it makes them relatively cheaper for
export. 

Stock index futures continue to assert with
December Nasdaq 100 futures

(
NDZ1 |
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and

Dow futures

(
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on the Momentum-5
List and with all three markets making the
New 10-Day Highs List
. Consider Off The Blocks. 



Contract

Setup
Direction

Trigger
T-bonds
(
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 Continuation
of reaction really
 
Up
On
Pullbacks  
Dollar index futures
(
DXZ1 |
Quote |
Chart |
News |
PowerRating)


 

 

Turtle Soup Plus One
Sell


Down
117.05 

Grains
Flashing
New 10-Day High
and Multiple Days Low
Volatility
 
 


Up



Off The Blocks
 
 

Stock
index Futures 
Un-requited
momentum:
Momentum-5
and  New 10-Day Highs
List
s
Up

 
Off The Blocks

Define the risk before every trade and honor your stops.Â