Market Update

The Nasdaq stalled right above the 1132 level at 1135.75. That level is analogous with 1145 in the SP. I think the NQ is going back under 1100 and SP's go back under 710.

The dollar just recently took out yesterday's low by a tick and bounced right back above 88.00. I still think the dollar is in a short term range.

Crude is back near 44.60 after dipping below it earlier and then rallying to 45.80. Again, for a little larger view, this area may hold for another run to the upper 40's. If that doesn't materialize then this level will be a more neutral area.

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