Wednesday, January 5, 2011

Outlook

The USD made what appears to be a complete reversal today (I got stopped out) and could be a precursor to what's in store for the equity markets. Bonds also got slammed which is good for my TBT position. unless the Bonds make a reversal, the price should go to 114' range. Gold is setting up for a short position which I will start entering @ 1391 up to 1410 with a target to be posted after my entry. Canadian dollar looks great and the Aussie dollar hasn't made up its mind yet for another run to the upside. Euro still bearish...Oil is warming up in the bullpen preparing for its move to 100... Stay tuned! Hope it helps

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