Tuesday, October 5, 2010

S&P 500 - October 5, 2010 - BMO

As things stand now in the future market, it is as if yesterday did not happen

this is S&P futures



I repeat what I said: a move above 1143 may indicate that the uptrend is about to resume.

Gold is living its own life



and dollar is getting a beating

this is Euro in dollars



So, future market is whipping the shorts, gold is making a high, and dollar is as weak as it was two days ago -- as if yesterday did not happen.

Regardless, I shall keep an eye on 1140-1143 on S&P for the short term (the level may change during the day), keep an eye on the Bucky, and keep an eye on gold

Have a Nice Day!

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