TODAY WAS ALL ABOUT THE DOLLAR

We had a strong move in commodities today due to the continued weakness of the dollar. We did get confirmation for a lot of the patterns. Many stocks gapped up at the open. One strategy, if you are getting in a little late, would be to buy a small position at first...one or two contracts. If we pull back a little in the next few days, you could look to increase the position. If it just takes off from here, you at least have a partial position in order to take advantage of the move. Those natural gas stocks look great. APA and APC made very strong moves today. They will probably move higher...at least until the market sells off again, or if the dollar starts to go back up. The continued weakness in the dollar has caused oil and gold to continue their upward move. Although I think that gold could go higher, I wouldn't get too greedy. We saw how fast it sold off after we got that big move a few weeks ago. The market should continue to move up to at least the 1080 area on the S&P within the next few days. Keep an eye on the movement of the dollar. If it keeps dropping, Energy and Commodity stocks should continue to rise. If the dollar starts to go up, we might want to take profits on these trades and move back to the sidelines (cash). Send in those success stories if you had any nice trades over the last few days.