Tuesday Morning Update

We had a huge increase in Feb housing starts released this morning but apparently not huge enough for the stock indexes. I think you can sell a rally to 764 with an 8 point risk and look for a move down to 735 in June sp.

Both Gold and the Dollar index also look somewhat bearish today. I would try to sell strength in both, 922 in April gold and 87.80 in the Dollar. Crude looks more bullish so I would look to buy weakness around 46.80.

Finally, I'm going to do an online webinar this afternoon after the markets close, 3:30 central, on options. If you would like to watch you can use the link below to sign up.

http://www.pfgbest.com/webinar/eventSummary.asp?skey=333410049


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