Tuesday, December 2, 2008

Market Update

The large moves yesterday in many of the financial futures really broadened out the Buy/Sell Zones and made for a little more short term uncertainty as far as generating new trade signals. 
 
The dollar index, however, is about to setup for a long trade near todays lows, around 8650, with about a 50 point risk and a target of 8850.  I'll update soon as that develops.  

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