Today's feature:
Hashok got the bull by the horns
My trading buddy revisited Wall Street to get a handle on things...
/DX
The dollar looks more likely to be completing a topping out pattern, with the confirmation trigger for continuation of the downtrend at 79.8. Currently, it still looks like it can go either way.
/ES or SPX
Waiting to see a 1148 breakout on the SPX to grow the little bull into a larger bull. There is 2 more days to do that and to maintain it for at least another 3 days (into next week). May be possible by USD falling as a support, unless relationship changed. However, the overbought signals are rather extreme and there needs to be even more good news to spur this forward growth.
/GC Gold
Showing latent strength to me… but I would like to see the completion of a trend change bias on the daily charts to close above 1127 today.
/CL Crude
Am still skeptically bullish about this one.
Note: Any material posted here is my sole opinion, and the opinion may differ from others. It is definitely NOT a solicitation to do anything else as a consequence of reading this material. The material presented here is intended for educational and discussion purposes only.
Tuesday, March 9, 2010
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