Thursday, December 18, 2008

Morning Update

To follow up on a couple of yesterday's trades:  Notes dropped a point since the last sell signal and have about returned to the entry point.  The stop has been moved to break even and should remain there if anyone is still in it.  The Yen declined overnight as well but is rebounding.  Move stop to 1.1365.

Today, the dollar continues to decline but risk/rewards for entering are getting worse.  The BP and CD are a little behind the other currencies and may offer the best place on a risk/reward basis to get long.  I'll come back with numbers there.

Stock indexes generally look positive but I have no trade numbers at this point. 

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