Market Pressures_

Metals are in a move down. Copper is a new short.

Oil is in a pullback into the 30’s. Nat Gas has stopped out a long trade.

The US 30yr T-Bond  has moved up out of short territory.

The US Dollar futures rally inside the longer term decline.

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S&P 500 Futures_

Monthly – Not much change in the monthly pressures. Trade pressures are rising into the neutral zone. The February monthly volume close was bullish.

Weekly – Still in downtrend. Trade pressures are up and extended. Volume for the week was a very low neutral as the long weekend Easter holiday approached.

Daily – Traded down to near the new short entry but closed above that 2010 level at the close. Trade pressures are up but declining. Volumes remained bullish thru out the week.