Good Morning Traders: Two more days left to May…roll to Sep Bonds and Notes. Roll to August Gold.
Indexes: Pinball Buy on Russ and DAX…Hourly Buys…any morning weakness is a buying opportunity again. There is good upside momentum, no distribution top, eventually all time highs in the Nazdaq and the DOW will come into play. The only question for Thursday is will the SPs spend one more day in consolidation mode …
Bonds and Tens and Bunds: Cowabunga….Z day in order….
EC and GC – Buy Day scalp only (reactions up can still form bear flags)…CD – mini power buy on 120 minute
CL – Buy Day – watch test of Wednesday low.
W – due for consolidation/reaction up
Make it a great day! Linda