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Monday, April 23, 2012

Hello all

Today's low should be noted as it does have a lot of significance.
Any weakness on Globex I will be a buy rather than a seller.
My work shows we can have a run up to the 1390-1400 level if not higher.

In commodities we see gold and silver had a shake out .
With Ben having his 10 minutes this week I suspect the metals could run up so I am waiting to see how they respond in Asia the first hour and then will buy.

Bonds I believe are very heavy and are extremely overpriced but there is a serious arb going on there where the European bonds are sold and US are bought.

cheers

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