Wednesday, April 22, 2009

Wednesday Morning Update

The S&P is in a daily neutral range but looks like an early day trade sale at 839. I'm also neutral gold at this point.

The dollar still looks bullish and may add to today's gains on a break above the overnight high of 8708. This is a chart pattern where I think you can buy the strength.

On the other hand, I'm bearish crude and think its a sale around 48.50

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