Tuesday, December 2, 2008

DX, EC, and BP

The dollar index just made a new low by a tick or so to 8647.  The signals are too mixed at these levels at this time for me to pull the trigger.  Both the EC and BP futures look bullish short term as well and the three contracts will not all rally together.  

Today looks like it will be limited to shorter term signals for all these markets.  I will post new levels as they develop. Same goes for the stock indexes.

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