A.M. Look 3/31/11

Today is all about the close..nothing else matters It’s the last day in the quarter. We will be able to use today’s close to set the tone for the next quarter.

As you can see most things are moving and being priced in the direction they have been trending all qtr. Metals up, Dollar down except against the Yen, big cap stocks up. If you’re looking for a trend change it will come after today’s close into early next week. We have little or no interest getting involved today. The only decisions will be late today to decide whether or not to take positions off going into the new qtr or to let them ride for a few days.

142.83 Euro is the only # that sticks out for me today, last qtr’s high in the Euro. I am simply looking at this level for a possible long term double top off this chart pattern.

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