Wednesday, November 25, 2009

Happy Thanksgiving Everyone!

I don't want to spend too much time on the markets outside of a brief update of the charts. The dollar sold off hard today, but the market did not confirm the move with a new high. Was it an exhaustion move? Look for a move back above 75 to get the dollar bears skittish.

The market needs to keep 1104 / 1100 / 1097. If those are broken, then we likely see 1070 - 1080 very quickly. If those are broken, well, you know how it plays out.

Swing high target is still 1118. So far the futures are selling off, but you never know what the holidays will bring on Friday.

I hope everyone takes time to step away from the markets and be thankful for the great blessing of life. I am so grateful for a wonderful family, health, and a relationship with my God. May we all look for ways to help those who are alone during the holidays and less fortunate than ourselves.
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