The Local's Take: Mid-Day Commentary

Good Morning,

OK - I am going to call the close: we will NOT finish on our highs. BUT, I am leaving myself an out. If we do, we will NOT finish green tomorrow (2 days in a row). I believe there are enough sellers to drive us sideways for a little in this current range in the SPX


Regarding the forex markets, I am confused: the markets are up, oil is flat to up, yet the dollar is strong against the CAD. I wasn't confused enough to not take advantage of a DOUBLE FALL LINE TRADE:

Let me explain a little more of the confusion. Again, equities up, GBP absolutely sideways to down, the EUR is getting "crushoolad" and the AUD and NZD are sideways.

Hence, another day with volatility down and tight trading ranges and "separation" in "OLD FAITHFUL" - equities up, dollar down.

I am sorry I didn't take pictures, but it was an "epic" (not really - I personally think the word is overused, so I throw it in sarcastically) day of touring Deer Valley and Park City. Parking at Empire Canyon lodge and skinning up Supreme. Then crossing over to McConkey's and down to Comstock. A few runs on the south facing aspect before heading back in the DMZ and into Lady Morgan.

3.5 hours of heart pounding work to ski 5 runs. Not bad. I think I ate 5 pounds of pasta to prepare and to refuel afterwards.

Off to get some vaccinations for the little one. Good to start the month off green.

Locals tip: will review Park City Follies tomorrow.