Monday, January 4, 2010
First Day
The commodities are very strong in pre-market trading and the dollar is weakening, especially against the commodity currencies. A lot of this strength is attributable to funds allocating money into commodities. It seems like a lot of the selling in commodities in December must have been liquidation / tax related. As history foretold, equity futures are higher. I will likely be getting out of my overnight holdings by the open. I am reluctant to short the open due to institutional money flows and positive seasonality. ISM Index number comes out at 10:00 AM. I expect it to beat expectations.
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3 comments:
Anotha platinum hit dawg. G'z up, shortz down.
Wow, this is some action we are having today.
Did you hold on?
I closed out everything by the open.
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