January crude catches at bid at 58, support outlined last night.
Equities will be going through their usual first hour movement and then things should get rather dull due to opex Friday. If short from highs yesterday, just lower your stops and ride it out or go flat for the weekend. We should get another day of consolidation Monday.
Currently, ES and NQ found support at respective 5 day moving averages, your momentum MA on the daily.
I cautioned against holding a dollar long position last night ahead of the housing starts. It was a good time to book profits as EUR/USD December has jumped up to 1.2850.
Equities will be going through their usual first hour movement and then things should get rather dull due to opex Friday. If short from highs yesterday, just lower your stops and ride it out or go flat for the weekend. We should get another day of consolidation Monday.
Currently, ES and NQ found support at respective 5 day moving averages, your momentum MA on the daily.
I cautioned against holding a dollar long position last night ahead of the housing starts. It was a good time to book profits as EUR/USD December has jumped up to 1.2850.
This entry was posted
on Friday, November 17, 2006 at 11/17/2006 09:53:00 AM.
You can skip to the end and leave a response.
» Post a Comment