Little news this morning. US market will likely end the day higher as FED rate cut sinks in and yesterday's rally brings investors back. Commodities soften over night as oil falls. We expect to see a continuation of this pattern through out the day.
Our open positions this morning for the most part are in the red. I had mentioned in Sunday's email to our membership that this week could very likely be bumpy as so far this has been the case. It is possible that we are beginning a shift from hard assets (commodities) to financial assets (stocks) that may develop into a significant trend over the coming weeks. It is too early to confirm, the next 5-10 trading days will tell the tale. Stock prices are very low and in tandem withthe weak US Dollar it is only a matter of time before foreign investors snap up real bargains with their high valued currencies. In the meantime we remain on plan.
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