Thursday Morning Update

The dollar index has just firmed up in the last 15 minutes to the top or its recent range. It may find resistance here around 88.90 (June) and support under 88.45

Stock index front months roll to June this morning. Bot the sp and nq are more neutral than they have been for quite some time in my view. About the same levels I mentioned late yesterday are still relevant for this morning, 708-740 in June sp and 1104 to 1130 in June nq.

Crude is more range bound also, but still has some negative momentum from its recent fall. 44 Should be good resistance at least the first several hours of trade today.

Gold is up to what I think is a pivotal level, 920. I think it could be a good sale early for a move back to 900.

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