Will Pigs Fly?

March 22, 2001
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.

April lean hogs
(
LHJ1 |
Quote |
Chart |
News |
PowerRating), mentioned
recently, appear to be finding support near the bottom of their recent leg up
(a). This suggests
they still have the potential to resume their longer-term uptrend.

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For the nimble only (e.g. day trade),
look for a bounce play in the June S&P futures
(
SPM1 |
Quote |
Chart |
News |
PowerRating) as the VIX began
to tail off from one-year highs.