Wait For Your Next Pitch
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.
I was unable to find any meaningful setups for Wednesday.Â
Follow Up/Looking Ahead
The March British Pound
(
BPH2 |
Quote |
Chart |
News |
PowerRating) has been in a
strong uptrend as of late. It may set up soon.
March Sugar
(
SBH2 |
Quote |
Chart |
News |
PowerRating) was down sharply on
Tuesday. This action suggests that its uptrend may be over. Also, it could set
up as a Bow Tie short soon.
The March Dow Futures
(
DFH2 |
Quote |
Chart |
News |
PowerRating) have rallied
over 150 points since first mentioned. If you have a position here, you might
want to lock in a piece/trail your stop.
Best of luck with
your trading on Wednesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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