Tuesday Morning Update

The S&P looks very similar to yesterday morning, down but probably a buy. Eventhough we went to 865.5 and now again back down to 840, I believe we can retest the 872 level again.

The dollar firmed up to 8600 but now looks very neutral. It is probably a fade 100 points either way from here.

I'm still slightly bearish for crude from 49.30. I think this weakness can continue into the mid to low 40's if it doesn't rebound today.

Gold sold off overnight and is now back under 890. Like the dollar, it looks neutral from here and I don't have a strong feel for it from these levels.

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