03 April 2007

Just Chillin

Bulls seem relaxed this morning as the futures are all up across the board with bonds, oil and gold down and the dollar higher. The Nikkei put in a positive 215 point rally with the European boys posting a strong start, half a percent higher awaiting confirmation from us.
Tensions between the UK and Iran have seemed to have calm with "talks" to start at some point. Not sure what that means but crude oil ticking back into the $65 handle as a result...that could be an important tell.
We had a good start to the month yesterday grinding out some points at one end of the range and it seems we may be "partying at the other end of the pool" today maybe selling the higher pivots. I'll be back before the bell with today's look...jfg.

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