Stocks, EC

We are approaching buy zones in the stock indexes again similar to yesterday afternoon. This is more of a setup to take money off the table for existing shorts (roll puts if you own them) than to get long; the market is often vulnerable to bounces with this technical set up.

The EC has pulled back consideraly from earlier levels and is in a good position to buy calls around the recent lows of 1.2530-40.

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