Tuesday, December 30, 2008

Market Update

The late rally back in the stock market yesterday didn't change the short term damage to the charts.  Today we will look to sell strength there and in the yen.  

Crude and Sugar are the other makets in focus, both look like buys on weakness.  Feb Crude around 38.30 with a 1.20 stop...but I'll be back if we get down there.  Currently we are trading at 38.80. March sugar needs to back up to around 11.00 to buy it.

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