Good morning. The stock indexes are higher and hugging the top end of their channel lines. The market feels strong with room to rally on the weekly charts but it is not in a great technical position to establish new longs on the shorter term charts.
The weakness in treasury futures continues and the downside potential has increased with yesterdays close. We may be able to sell early strength in ten year notes.
The dollar is higher but in my view very toppy in the short run. Reverse is true for Swiss and EC.
Gold looks like a buy in the mid/upper 830's if we get back there this morning.
There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results
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