Wednesday

The sp's are in a range in my view. I think short term, the next few hours, you can sell 821 and look to buy 807's within the larger range of 830 to 765. The sp's made a low of 802.25 overnight which may be all we get on the downside for awhile.

The dollar too is in a range and topped out last night at 86.13. I am very neutral the dollar index between 8540 and 8580.

Crude continues weak for now but bottomed out overnight right near what I thought was the bottom of a broder range noted yesterday at 47.37. It's probably good for another short term sale at 49 to retest the overnight lows.

Gold continues to look a little bearish near term and is a sale if we retest the overnight high into the 890's.

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