Tuesday, January 27, 2009

Tuesday Update

The markets in general look very similar to yesterday.  Short term the stock indices look like they can work higher but the daily levels have yet to turn positive.  Yesterday's purchase was a bit optimistic in hindsight.  

Bonds still look a little heavy short term  but are in a reverse situation as stocks with their daily charts still positive.  

Gold's early weakness may develop into a buy signal which I'll be watching closely.

Still no strong view of the dollar short term.

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