Monday, March 9, 2009

New Week, Same Story

S&P's are going to open lower and continue to look weak. If we can rally to 682 in the first hour I think its a sale; it's currently 674.

The dollar is firm and can trade to 90.00 from it's current 89.40 level.

I continue to like crude and think it will push towards $49 (April).

Gold longer term still seems bullish but it is very neutral around 935 short term.

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