ALL ABOUT TODAY
Equity futures are trading near fair value as I type while the US dollar has fallen down under the 80 number on the basket while the EURO is up at 1.41-
Gold higher at $941 and natty gas the big story down about 3% at $3.84- while crude is up a hair at about $72.
My take on equities - probably not much movement the rest of the week with some downward pressure next week as we are overbought with RSI 2 levels near 90 on the major indexes and the VIX about 15% under the SMA 10-
The nat gas trade is looking pretty good on the long side as it doesn't SEEM to want to go much below these levels - so I am looking at some UNG for a swing trade -
One other matter- for all you homeowners - today is your day.