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.
There’s not much to look at tonight (Monday).
The indices, currencies, bonds, oil and gold markets will all be news driven.
And, unless you are willing to face the volatility, should be avoided. This
eliminates just about all commodities except the meats, grains and softs. I was
unable to find anything meaningful here.
Therefore, unless you are a daytrader willing to attempt a bounce play in the
index futures, I suggest you wait for the markets to set up.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!