Monday, December 13, 2010

12/13 pre-open

The only thing keeping me short stocks is DJ and XMI staying below old highs and forming a triangle.  NQ futures broke out of their trading range to the upside and DJ futures threaten to do the same. DJ futures beyond 11,406 will exit the SDS.

Commodities are up overnight.  Crude looks to be forming a rectangle with 89.40 as the upper end.  Gold should find resistance at 1398 if it rallies that far.

1 comment:

  1. TF
    Wolfe Wave?
    Good luck!