05 April 2007

Slooow Going

Sorry for the late start, had to run out and take care of a few things this morning...so straight to the action...
Nikkei flat, Europe flat, our futures...flat...get the picture...oil, gold, bonds...flat. currencies seeing a little action with the dollar showing a little strength verse the pound and the yen but giving up ground against the Euro. Chinese raise reserve ratios, initial joblesss claims a bit higher and geopolitical tensions eased...
Don't expect much today...so if your going to trade, fading will be the play off the five minute chart using the nasdaq tick as a key...let's see if we can scalp some points to finish off the week...remember, even though MARKETS ARE CLOSED FRIDAY, MARCH JOB NUMBERS WILL BE RELEASED IN THE MORNING...so holding over the weekend may be hazardous to your health...jfg.

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