Thursday Morning Update

Again, in general, stocks and bonds look like a buy and the dollar looks like a sale. The sp's have built resistance in the low 820's but it still looks bullish for now. The dollar has been range trading all week which looks like a consolidation that may break out again on the downside.

This mornings strength in May crude looks like it continue. It has made new highs for the move and may rally to 56.50. Gold, too, is strong this morning but looks more neutral.

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