DX Resistance Still Holding For Now

Slow day in Forex...really doesn't look like there is going to be much in the way of news this week either. As I write Nikkei is down 1/2%, so I can't get much of a read as to what equities are going to do later. A strong market will probably push the dollar down and then I can look at getting into my Euro/US and US/Swissy positions again.

I thought it was interesting when Matt Nesto of CNBC pointed out that, through last week, equities had 4 straight losing weeks...something very rare that I was not aware of. Then again, if I hear the term 'oversold' again, I am going to punch a wall!

---------------------------------------------------

I have been long and short in Gold and made profits both ways. Seems like the yellow metal is rudderless for now. Also made a few scalp (currency) trades with no losses and added about $900 in equity to my account.