CPI at 8:30 and Consumer confidence at 10. The markets need some good news, but gold is already starting to price in the worst, now up almost 1%. Watch support at 651 and 648. Resistance is 50 DMA at 653. I like gold ever since we did that bounce off 639 Wednesday (April contract), nevertheless be disciplined with your stops (no lower than 643). Today's economic data is a minefield but the bottom line is that the dollar faces tremendous risk.
As for equity futures, keep it simple, watch NQ 1754.50 key support.
As for equity futures, keep it simple, watch NQ 1754.50 key support.
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on Friday, March 16, 2007 at 3/16/2007 07:31:00 AM.
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