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Friday, November 13, 2009

Morning Market Report-The US Dollar Still Runs the Show

Today we are going to see a higher open and we could see that on the 3C 1 & 5-minute charts from yesterday afternoon, plus the descending wedge apparent in the QQQQ intraday. Will it retrace the base? If so, then the Q's could run to somewhere near yesterday's highs. We'll have to see what 3C does, but all in all, keep watching UUP which trades inversely to the market, a breakout move there should send the market much lower.

If you want to try my 3C custom indicator, click on this link and check out either StockFinder or TeleChart (I'd get the intraday for the best signals) and email me back. Please let them know you heard about them from Trade-Guild.net as I'm an affiliate for Worden products-it won't cost you any more and helps support the free content here.




Posted by Brandt at 9:37 AM  

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