Quite a Mix


ES is trading in a pretty nice range of consolidation. anything long term I am waiting for it to make up its mind. Might be time for a few condors. I have a hard time playing the sideways channels. I would rather look for confirmation from resistance to support this week.

USD/CAD I think this is going to test the highs from March of 2009. Keep the averaging in strategy. Next short will be placed when the 1.30 is dealt with one way or another.

CL Back above 50. May make a run for the 70 mark. Sure is overdue for the correction after this last huge move. Watch the 59.30 area for a stall. before heading to the 70.00

Gold This is doing pretty much as planned. I do not like that it went below the 1239. Look for it to go into the 1225 area before turning. We shall see.