Thursday, January 29, 2009

Market Update

The S&P's should find support in the low 850's and near term resistance in the mid 860's.   Ten year notes also are near support around 123'11. 

The dollar is still very mixed and I think it can trade between 8440 and 8570.

Gold continues to correct from recent strength and may have more to go.  There are inventory numbers coming later for crude, but for now it looks like strength should be sold.  

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