Tuesday’s Futures Setups
U.S. stocks slumped,
driving the Nasdaq Composite Index
(
$COMPQ |
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to its lowest level in
six years. Microsoft
(
MSFT |
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led the decline after its chief executive officer
Steven Ballmer said he saw no sign of a sales rebound in Europe.
The Dec. Nasdaq 100 futures
(
NDZ2 |
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traded negative all day long, attempting a move to
the upside during the last hour of trade, but failing and ending the day down
25.50 or 2.91%, at 850.
The S&P 500 futures for Dec.
(
SPZ2 |
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fell to a low level hitting the -1.0 Vol. band and
tried a couple of times to move higher, but failed and ended the choppy session
at 834.20 down 8 points.
Possible short candidates:
Contract |
Setup |
Direction |
Trigger |
|
Dec. cocoa |
possible turtle soup plus |
Down |
break |
|
|
possible |
Down |
|
|
Sept |
possible |
Down |
|
|
Dec. cotton |
Pullback off of the low |
Down |
|
Possible
long candidates:
Contract |
Setup |
Direction |
Trigger |
|
Dec. wheat |
 |