No Sense

The equity markets make no sense for now as they plod along. I'm focusing on other instruments to take what the market wants to give me. The currencies, commodities etc, look very good for intra-day trading opportunities. Tomorrow could be a wait and see attitude as the job numbers report on Friday. The Japanese Yen looks good for a long if it pulls back to the .1220 range (white line). The USD is showing signs of a potential rally and that could push the equity markets into a small pull back. I'm waiting to see how the NASDAQ reacts, since it looks the weakest of all. Gold is definitely headed for  the1282 range and at that time I'll get long and try to capture as much of the move up to 1500 as possible. The T notes look they're getting ready to pop. Hope it helps

Long @ .1223