Friday, December 12, 2008

Morning Markets

Crude oil this morning is set up reverse of what ten year notes was yesterday.  It's picking a bottom and with a fairly wide stop but I think Crude is a buy early today.  The bottom may be in already today but if Jan crude trades 43 in the next couple hours its a buy with a $2.50 stop.  48, then 50.50 would be the targets.

The dollar looks weak, EC looks strong, and very mixed to say the least in the sp's.  

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