The stock indexes had a quiet night until Walmart reported disappointing numbers early this morning. The market sold off and made an SP low of 891.50 before a better than expected jobless claims number brought the market off its lows. The indexes are in the daily buy zones and have set up some buy signals in the low 890's in the March Sp's and the upper 1220's in March NQ. I'll be back with specific numbers after the cash openings.
Ten year notes are more neutral at these levels but their is a 10 yr auction today, the results of which will be announced at noon central. I mention it as there has been growing concern of the growing size of these auctions.
The dollar index is in a buy zone but may have more short term weakness. Reverse is true for all currencies except BP, which looks more positive. Bank of England lowered there target rate to 1.5% earlier today.
Big day down in crude yesterday. Switched the charts, not surprisingly, to a more negative bias again. Gold has traded from the Daily buy zone to the Sell zone already this morning. That's the third day in a row it's done that and continues to look range bound.
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