Wait For Your Next Pitch

May 14, 2002
Dave Landry

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.

There’s not much to look at tonight. The Dollar rallied sharply on Tuesday.
This action screws up all the charts on the inverse currencies (mentioned recently).

I suppose the best thing to do is to patiently wait for new setups.

Looking Ahead

June crude
(
CLM2 |
Quote |
Chart |
News |
PowerRating) broke to new highs on Tuesday. It could set up soon on
a pullback.