Sunday, May 01, 2011

Osama Top?

Update:   We now have the answer to our question as to why ES_F would stay green while whole commodity complex went red.   News was already being traded that Osama was dead.    ES_F now up 12 points but US dollar also catching a bid.   A sell the news effect could take place if  DX_F can continue on tonight’s move (not as easy as it sounds as every rally has been faded lately).    A multi-year low on the USD, multi-year high on market, the Osama top?
Lots of excitement for a Sunday night.
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