US Markets - Feb. 8, 2010

US Markets retraced a part of their fall on Friday, which coincided with the dollar weakness toward the close as positions were squared for the weekend. The next move for the dollar is to push toward the 83 area. How much the market will be able to levitate from here is questionable. Although markets are oversold...fear and safety override the risk trade. 3/5 of total short position will be complete by Wednesday. Good luck and Good trading. - Dio.