Wednesday Mid Morning

Market popped early in the US after overnight selling in London of the USD propelled commodities higher once again. Mid morning, we’re now going slowly into a snooze fest awaiting the FOMC minutes.  This release will be scrutinized even more closely for a change from the “extended period of time” stance will skyrocket the USD and commodities [and overall market] downwards.  If wording and sentiment reflect to keep the status quo, I plan to get long TTI and possibly another crude play for the next few days.  Crude climbed above $80 resistance and is now perched there.  With no change from the Fed, crude will be drawn to $82 then $83.70.  Still scaling into my ES_F short as we go higher to re-test the ’09 market high.

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