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Linda Raschke, founder at LBR Asset Management, observes that much of her trading preparation pays off with overnight market moves, particularly on Sunday evenings.
She highlights strength in Asian markets as the day begins and notes an upside breakout in beans following a three-bar pattern.
Raschke recently identified buy signals in Russian stocks and maintained a bullish view on gold. She also noted crude’s downward trend in the same commentary. In an earlier update, Raschke indicated a potential sell short day as rate of change divergences emerged in large caps.