Sunday, April 12, 2009

Market Notes as of close 10 Apr

Dollar open near settlement- up auction/breakout through consolidation range- consolidation above previous suppl- potential breakout- Value Area Higher

USO open gap above settlement- consolidation@/near supply (30.31)- Closing Range up auction settle @ high- Value Area Higher

SPY/IWM open gap to overhead supply- consolidation- closing range auction to highs- Value Area Higher

10Yr Bond down auction toward longer term demand (121)- Value Area Lower