Market commentary Wednesday September 1st

by Mark Fenton on September 1, 2010

The market is looking higher this morning as overseas markets are rising on good economic news from China. The market has been in a tighter range over the last week or two which has been more favorable to non directional trading. We are now in the time frame for high probability iron condors for October. As you set them up do not forget to add some insurance as September can often be a volatile month.

On the U.S. treasury bond futures trading side be respectful of seasonality that may take the bonds higher but they do seem over bought here and pullback is very possible. Pullbacks are usually at a slower pace than than upward movements. Great vehicle to trade but manage risk with tight stops.


Previous post:

Next post: