Monday, December 6, 2010

Morning Madness

Good Morning Everyone...

Currently the futures market is trading in the red, but it is only slightly.  This is the sell off we figured would happen come Monday.  EUR/USD and GBP/USD both are trading down after good moves off of resistance.  The USD/JPY is now trading up after bouncing off of support.  These four items will be key going into today and this week.

Not to much going on economic wise as there are no reports coming out today.  Use today to find new long entry points.  I posted several new long positions going into my watchlist. 

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