Stocks are lower: dollar and gold are higher. The gold trade from yesterday was stopped out overnight. That's a shame as gold is up $20, just what we thought might happen. It's also interesting that gold has been holding and now rallying as the dollar continues to go up. This is not a good sign for treasury futures.
None of the overnight moves are out of line with the channels they've developed.
If we can get a rebound into the mid teens in the S&P, there may be a day trade sell.
I will be leaving about an hour before the stock market close today to travel to Phoenix for a PFGBEST.com weekend conference.
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