Market Update

Both the dx and EC traded back through our entry levels but gave some opportunity for some modest profits. The original 87.55 stop level in the DX may now be a new level to get short for an overnight trade but there is certainly more risk in entering a trade this late in the day for overnight than just daytrading.

I've been waiting for the recent strength in the stock indexes to show some signs of topping because the sp and nq are in areas where I think they are good longer term sales. The nasdaq has now turned a little negative for the day and I think it could be the beginning of the end for this move up.

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