Thursday, March 26, 2009

Market Notes as of close 25 Mar

Dollar consolidation continues (25.30-24.98)- Value Area Higher

USO gap lower- consolidation continues with developing negative volume skew- Value Area Lower

SPY/IWM gap up @ opening range- consolidation @ high before closing range liquidation and short cover rally into close- Value Area Sideways

10Yr Bond down auction- buy response @/near 122^26.5- Value Area Lower