Few thoughts on open trades.
The SP500 is ready to test its all time high. It is doing its usually melt up climbing the wall of worry. It broke out from the resistance than came back to retest.
The New Zealand Dollar finally broke down hard. It looked as if it would be a failed trade since it lingered around the support. With the gap down this morning I think this trade will play out nice.
Gold typically bottoms around this time of year. I believe it will begin a rally sometime in the next few weeks. The 1200-1210 range is good support.
