A.M. Look 2/7/11

You need to let the morning set up a little more.

The Euro is close to the bottom of a 100 point range and needs all new weakness below or above this range to start another move.     ( do not sell weakness or buy strength until it shows itself).

We added to the short Yen ( long YCS) on Friday.

Gold… Let’s give it time to see if the Silver can pull it up, however we do not see the need to risk much on this trade.

Spu/Bonds….This spread is still running everything and will continue to do so. You should get back into scalping from the short side on the 1 point rallies in the 30 Yr. 118.20’s offer selling opportunity using the low 119’s as your risk tolerance.



This entry was posted in Archive and tagged , , , , , , . Bookmark the permalink.