Friday, March 13, 2009

Friday Morning Update

Stocks are higher again after a three day rally. Short term continues to suggest buying dips but longer term it looks like on the high end of a range that should decline to the low 720's in the June SP.

The dollar index continues to look somewhat range bound from 87.50 to 88.60. EC as well.

I would not sell crude or gold at this point. Spots to consider getting long early Friday would be 46.50 in April CL and 924 in Gold.

There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results