Sunday, March 15, 2009

Market Notes as of close 13 Mar

Dollar consolidation following yesterday's closing range liquidation @/near demand (26)- Value Area Lower

USO up auction in opening range from yesterday's settlement followed by closing range liquidation back to over/under (28)- OPEC pending- Value Area Higher

SPY/IWM consolidation developing in previous supply/liquidation area- Volume and Open Interest flat/declining- Value Area Higher

10Yr Bond continues consolidation @ longer term demand area- neutral volume skew- Value Area Sideways