Monday, April 6, 2009

Monday Update

Stocks are going to open lower and SP's are probably a sale above 840 if we can get back there; right now we're 831. I think it can trade back to 800.

The dollar index is weaker again from Friday but I still feel it may be a buy. I like the dollar under 84.40.

Crude is lower and showing mixed signals in the low 51 area. 51-51.25 should be support with 52.50 being resistance.

Gold continues to trade weak. It's an early sale above 886 for a day trade.

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