Thursday, March 18, 2010

The Local's Take: Mid-Day Commentary

Hello Traders and Investors,

Sixty degrees, St Pat's Day, Spring Break, the Beach at Deer Valley's Silver Lake Lodge - priceless!

The markets are again, flat but we did talk about some good trading opportunities in the monthly Park City Trading/Investing Club - see Monday and Tuesday's blog about the breakout on the SPY chart.

Here are a few forex trades of the day:

Double Fall Line Trade on NZD



Buffalo Bounce on EUR



From there, the relationships broke down, with the CHF showing extreme strength to the dollar. Another, ho-hum day in the equity "everything is great" bull market.

I rolled out of March into April - the grind up was slow, but definitely had some pain associated with it! Oh well, commodities, retailers and the like are at or near new highs.

I am off to Jacksonville for a wedding, sun, beach, a first round NCAA game and some gator tails at Sneakers!

Back at you on Monday.
Be Environmentally Cool with Locals Have More Fun apparel

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