I’m not in the office today-I’m at home working on some projects, so I haven’t been following the markets as closely today.In spite of today being a witching day, I thought it might be kind of quiet today.This was a volatile week, and some consolidation was probably in order. It’s also day two of the first round of the NCAA, which draws attention. Many quiet markets today=lots of breakout setups for Monday.

June S&P:It’s a momentum sell short day today; support is 765.I would read much into this selloff unless it goes back under 750.
June NASDAQ:Breakout day, the downside could accelerate on a move under 1185.
June Treasury Bonds:A doji yesterday, momentum is back down to neutral, but there’s not much going on. If we stay around here today they’ll have a breakout setup for Monday. 129 is support.
June Yen:Momentum sell short day; 10411 is support-it’sa 50% retracement of the past three days’ rally.
June Euro Currency, British Pound:Looks like they’ll have a breakout setup for Monday.
April Gold:Momentum is bearish, but it’s holding up well. The points to watch are 960 and 950.
May Silver:Successful retest of 1350, momentum is still on a short sell signal.
May Cotton:Broke out over 4350, look for it to be support now.
May Wheat:540 is Fibonacci support, momentum is still bearish.
May Corn:Still watching 393 support, 398 resistance.

www.FeedBurner.com) Midsession Futures Comments for March 20

Copyright 2009
This feed is for personal, non-commercial use only.
The use of this feed on other websites breaches copyright. If this content is not in your news reader, it makes the page you are viewing an infringement of the copyright. (Digital Fingerprint:


Futuresinsightblogcom?d=yIl2AUoC8zA Futuresinsightblogcom?d=dnMXMwOfBR0 Futuresinsightblogcom?i=2aNAVeELuBU:crPbXXeay1k:V_sGLiPBpWU Futuresinsightblogcom?i=2aNAVeELuBU:crPbXXeay1k:gIN9vFwOqvQ Futuresinsightblogcom?d=TzevzKxY174