052909: Downside targets have been hit on the US dollar index. Those playing the currencies should be aware of potentially over-extended short term pairs and act accordingly. Bond markets too are looking to be over extended as interest rates have moved higher in earnest over the past weeks. As a result of this straight move up, short term profit taking ought to be considered in this environment. Even though many of the commodity markets are moving higher, the only market to register a new buy signal this week was Lumber (see this weeks spotlight for more details).
That's all for this issue of the WCTS Spotlight,
Brian Beamish FCSI
the_rational_investor@yahoo.com
http://www.the-rational-investor.com
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