|
Posted by scott@kungfutrader.com on June 23, 2008, 10:44 pm
Soybeans and Cotton are offering decent daytrade/swing trade
opportunities for Tuesday to the long side. In Beans, watch for a
rally of about 10 cents above the open for an opening range breakout
opportunity. In Cotton, look for a rally of 0.90 above the open. Do
not take a position in the first 15 minutes.
Stock market is due for a bit of a bounce soon. Tuesday is often a
good day for that after some down days. Modest bias to the upside in
the S&P, watch for a breakout 8 points above the open for a potential
rally. However, look at below if the market trades under 1315 and
holds below that level for a while.
Good Trading!
Scott@kungfutrader.com
|