Thursday, April 2, 2009

Market Notes as of close 01 Apr

Dollar consolidation phase (25.85-25.50) w/closing range near bottom of distribution- Value Area Lower 

USO gap down overnight- followed by consolidation with neutral skew w/closing range near top of distribution- Value Area Lower 

SPY/IWM gap below settlement- fill of gap & uptrend w/range development higher in SPY  NOT IWM- Value Area Higher

10Yr Bond consolidation with neutral skew developing- Value Area Sideways