May 30, 2008 8:43 AM
Strong Resistance at 106.00 and 106.10 and before that 105.80 so that seems like the Danger Point if Above It !!! Good Shorting Opportunity keeping in mind;
(1) Dow Open At 9:30 AM Futures UP 44
(2) Oil and Gold NOW UP !!!
(3) Two Year US Bonds at 2.62% Yield (Backing Off High) Recent Days
To Come Final Michigan FED with Consensus at 59.5 (4Cast Calls 59)
A 59 Will be Negative for Dow and Positive for USD/JPY
Stay Tuned...
Where is everyone this morning ? The Early Bird Does Get The Worm !!!
Bruce
Strong Resistance at 106.00 and 106.10 and before that 105.80 so that seems like the Danger Point if Above It !!! Good Shorting Opportunity keeping in mind;
(1) Dow Open At 9:30 AM Futures UP 44
(2) Oil and Gold NOW UP !!!
(3) Two Year US Bonds at 2.62% Yield (Backing Off High) Recent Days
To Come Final Michigan FED with Consensus at 59.5 (4Cast Calls 59)
A 59 Will be Negative for Dow and Positive for USD/JPY
Stay Tuned...
Where is everyone this morning ? The Early Bird Does Get The Worm !!!
Bruce
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