Thursday, April 9, 2009

Market Notes as of close 08 Apr

Dollar open and consolidation around settlement- a pullback to demand and buy response then occurred- Value Area Higher

USO open gap below settlement @/near 28- shakeout of weak longs on inventory news followed by uptrend- Consolidation above settlement- Value Area Higher

SPY/IWM open above settlement-pullback to settlement met with a consolidation and a buy response- Close near high in upper half of distribution (bullish)- Value Area Higher

10Yr Bond encounters a small uptrend- Value Area Higher

*Holiday shortened week with low volume- profiles to be posted after close today*