Wednesday, December 3, 2008

SP's and Gold

Looks like SP's and Gold both may be developing a trade to get long this morning.  It's too early to give levels but I will update.  

As it turned out the dollar index rallied yesterday and is up again this morning while the EC and BP have resumed weakness.  These markets were very mixed yesterday and now trading in the middle of their zones.  I don't have strong convictions with the currencies 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