A.M. Look 3/22/11

Nothing is doing in the markets except for the Dollar getting beaten up again. This theme should maintain until month end. 101.60-70 AUD/USD will be a big closing pivot. You can sell against this level to see if you get a reaction trade the first time up or you can wait for a close above it to get on the train into month end.

97 USD/CAD should line up with the Aussie as well.

The March Bond Futures go off the board at 12:01 Central, after which the SPU/Bonds should get interesting over the next couple of days. I am still looking for one more small bought of weakness in the stocks over the next couple of days to buy that dip into Month end.

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