Market Comments

 
May 17, 2005
                                               

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Today's Comments (Short Term Outlook)
A nice rally on low volume. 

Nothing to get too excited about but it's a step in the right direction.  I'd like to see a nice follow through day with decent volume.  The fact that we seem to have put in a second higher low is also good to see but again, it may be too early for high fives. 

The dollar rallied early yesterday, then fell later in the day.  Could be time for a little pullback.  A day or two of weakness back to the breakout point (just over 85) could be my ticket out of the I fund.  Until then, the I fund is due for a little rally. 

Sorry to make this so short.  We have been making some major changes in my gallery and unfortunately it has taken up a lot of my time lately.  That and Little League is in full bloom.  Oh yeah, and the day job. 

That's all for today.  Currently 65% C, 20% S, 15% I fund.  Until next time...