Tuesday Markets

The S&P is lower again this morning. I don't think you should be long and would use a move above 818 to get out. I think it may trade in a general range from 840 down to 750 in the days/weeks ahead.

The dollar index has made a nice move from yesterday overnight lows but may have limted upside above 8580 from a daily perspective. Intraday looks strong for now but would look to exit longs at some point later today above 8580.

Gold is very mixed depending on the time frame you viewing. For intraday purposes I think its a sale at 888.

Crude has had a lot of correlation with the sp of late. Crude looks to be entering a broader range of 47.50 to 54. Intraday, I think you can sell the next bounce to 50.20.


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