Zzzzzzzzzz

If this day seems particularly boring, it is because it is particularly boring.  But not to worry.......Tim Knight has assured me that it is ok to short boring markets!.  I don't think we have moved 25 points in either direction from the close Monday.  But have no fear.. the Bulls really don't seem to have any confidence as they do not seem to be interested in the standard wisdom, ie: BTFD!

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Nothing much to report that has not already been on the cable news channels.  After a generally higher over night trading experience in the DOW, being up nearly 70 Dow points this morning at 8:00am, Mr Market open higher about 20 Dow points, and has been locked in a trading range of plus 20 to down 20.  The other major indexes are mixed.

As this is written.. (I have nothing else to do at 2:00pm....Zzzzzzz)  the Dow is down 18 points, the SPX is down 2 and the rest are mixed.  Oil is higher at 98.56, while Brent is higher at 111.52,  Gold is also higher at 1522.50 and Silver is higher at 36.01.  The rest of the commodity complex is mixed, and of course Coffee has taken its 0.01% breather in its climb to $10 per lb.

The Euro is up 0.43% at 1.41 and the Dollar is 0.25% lower at 75.92.  The Bond market, which I think is the best measure of the market outlook, is a little higher after the sell off yesterday, with the Note trading at 3.12% and the long Bond trading at 4.25%.  If the yield on the Note break the 3% level, I think we can say good-bye to the March 09 rally.

.Nothing to add... the position are unchanged.. and the stop prices are still in place.  I am hoping for some market movement that will give me a chance to tighten the stops, but not yet.

Best To Your Trading!

Bill