Misc mkt info
Posted on | Friday, December 4, 2009 | No Comments
The move this am was a test for supply above our previous high of 1117. it was met with weak selling pressure relative to the push upward and eventually finished strong on high volume for the day. Bullish on ES
The euro finished just off its lows on the highest volume in 2 years. This is extremely bearish longer term. Global funds are obviously beginning to cover USD shorts, a good sign for the domestic eco. Bullish on USD
Bearish on gold.
Very bearish on the yen
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