Monday

Holding Fire

Post a Comment June 29, 2009 – 5:36 pm |   | Permalink |  Print This Post |

Our indicators suggest a down night but the Dow is powering ahead, now trading at 8523. It has been hovering at these levels for the last few hours, and will most likely spike up before heading down. Order to short at 8550 remains to be filled. As we wrote on Friday, markets will most likely move up and/or consolidate to allow the US to go lower and the Euro/NZ to drop. Oil is up courtesy of Nigerians bombing oil pipelines.