12-10-2006 Market Direction

try to organize my thoughts, plan my trade, and trade according to plans.
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Market Direction:

1. 10 year Treasure yield: 4.552%, it has been down since May, went up last week, still not out down-trend Channel yet.



2. Index Options: CPC 0.78---Bullish ISSE 148---neutral OEX



3. VIX : 12.07



4. Currency: USD at 83.32 was up for a week since the bottom




5. Commodities;GOLD: 145 down for a week, may down next week OIL: $62, consolidate for a week, down last Friday . OIH up for a few weeks, consolidate last week



6. Money Flow: Lending/ borrowing : 9.50 ---bullish7.



Charts Reading:  don't think market will go down much before New Year.

SPX: bullish: stop at 1400 and 1390

COMP: Neutral –bullish stop at 2400, and 2375

Indu: Netural –Bearish



Next Tuesday : Fed Statement



Next Friday: CPI
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