Tuesday’s Futures Setups


T-bonds
(
USZ1 |
Quote |
Chart |
News |
PowerRating)
and 10-year notes
(
TYZ1 |
Quote |
Chart |
News |
PowerRating)
(from the
Implosion-5 List
) are looking very bearish after failing to hold gains over
the past two sessions. Off The Blocks
shorts.

Volume was slightly above normal as stock indexes moved higher. Dow
futures
(
DJZ1 |
Quote |
Chart |
News |
PowerRating)
were on Monday’s Momentum-5
List
and S&P futures
(
SPZ1 |
Quote |
Chart |
News |
PowerRating)
nudged to a new multi-month
high, making both eligible for Off The Blocks.

An Off The Blocks
short in
British pounds

(
BPZ1 |
Quote |
Chart |
News |
PowerRating)
would have kept you out of this
Implosion-5 List
today, because the currency gapped higher. But the weak
close in the pound left a tail-at-a-low pattern, suggesting the contract will
soon move to a new two-month low.


December

copper

(
HGZ1 |
Quote |
Chart |
News |
PowerRating)
, a metal that
rallies in advance of improved economic conditions, is setup in a bullish flag
with rising lows — an ascending triangle on the intraday charts. Support was
hit at the low/close at 68.25.

Outside bars down in the grains — led lower
by wheat — after many contracts failed to close gaps shifts the bias to
negative, suggesting new contract lows in corn, wheat, and beans.


Contract

Setup
Direction

Trigger
T-bonds
(
USZ1 |
Quote |
Chart |
News |
PowerRating)

and 10-year notes
(
TYZ1 |
Quote |
Chart |
News |
PowerRating)
Implosion-5 List Down

Off The Blocks




Stock
index futures
Unrequited
momentum
Up

Off The Blocks




British pounds

(
BPZ1 |
Quote |
Chart |
News |
PowerRating)

Implosive, negative pattern
Down





Off The Blocks




Copper
(
HGZ1 |
Quote |
Chart |
News |
PowerRating)
Bullish
flag, intraday ascending Triangle at support.
Up


68.25


Grains


Devastating Day
Down


On
Intraday pullbacks


Define the risk before every trade and honor your stops.