Morning Update

First off today, if you are not receiving timely updates on the new Posts during the day, you can contact me and I can add you to a direct email list.

Also, don't forget that you can go to the Buy/Sell Zone page on the Stops and Options website,

http://sites.google.com/site/stopsandoptions/buy-sell-zones

for a more complete list of markets than the ones I focus on in the Posts.

Today looks similar to yesterday in that the Dollar index and Yen remain in their Sell zones while the EC and BP are in their buy zones. I'll be updating as I see daytrades in those markets.

Gold is stuck in a narrow range we've traded several times. This tight range is unlikely to continue for too long. Again, I will update daytrade levels shortly.

The stock indexes nearing their Buy Zones late yesterday turned into a great level to take money off the table for existing shorts. The aggressive buy idea may have had a bit too high of a target. Stocks indexes are still not set up for sustained long positions.

There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results