Market Sense and Sentiment

[bbgold]

Futures Watch
S&P Futures held at 832 until the FTSE opened and then climbed higher to 844. Just before our Open here they have retraced to test 835 for Support. Once again I would be watching for a breakdown of the SMAs, possibly at 832, as the sign of a Breakdown. Picking up some Puts on a retest of the 844 resistance, if it happens, might also work if using a tight stop loss limit and keeping an eye out for no Breakouts. The markets are due for a correction from the last movement but I am not sure When that will occur, maybe today :^)