Tuesday, March 31, 2009

Market Notes as of close 30 Mar

Dollar gap up in overnight- consolidation during the day and auction toward previous breakdown level @/near 25.90- Value Area Higher

USO gap lower in overnight-consolidation near low-dollar weakness- Value Area Lower 

SPY/IWM gap down in overnight-consolidation within 5 day range with a negative skew- Value Area Lower 

10Yr Bond down auction with consolidation near low-Value Area Lower