So what's looking hot? There are a couple of markets looking promising... so far. I like the Aussie Dollar short and I don't think the Canadian Dollar is far behind. The British Pound is "stuck" so you could take it long or short, but my preference is to the downside. The Yen too is looking top heavy as fundamentals and technicals both suggest this market should be heading lower... or is it that I just like shorting stuff?

Corn gave us a test of support to start the week as did Beans; however both markets scare me a bit (especially beans) so I'm going to wait for a confirmation before committing to a buy.

I thought we would see larger retracements in the stock indices and in spite of all the back slapping that's going on in the news I still not all that comfortable being a buyer. Of course the first real obstacle for the bears is the support from the other week which is just hovering below the market (10600 Dow, 1124.00 S&P). If they can't get through that then the economists were right... buy. But don't get too excited just yet. We'll know soon enough who's got the upper hand here.

I'm not a Copper trader, but if I were I think I'd be getting a touch bearish if the market can take out Monday's low. This one looks in need of a retracement, probably back to 350 (December). The Gold and Silver freight trains continue to move higher. These are a couple of markets I would LOVE to see give us a pullback move... but I'm not sure we'll get it with all this momentum.

Sugar looks like a promising buy if 2250 (March) holds. If it bounces I might be persuaded to try it long again.

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That's all for now folks!

Erich