Far too much action this week with very little economic data. Market seems to have consumed last weeks economic data and starting to reach a consensus. The market will now need to factor in G-20m European debt and China data as we move into next week and I have no real strong bias other than it doesn't look good.
One thing of note... the bell weather of soft commodities Sugar which I have traded on a couple of occassions... the bubble has popped. This is a concern, we also see Cotton breaking lower, Corn breaking lower, Wheat holding up just but looking weak.
This coming weekend will be a good time to summarise your notes and do your homework for next week...with a self-note "don't forget to rest"....
Good Luck today.
finally its friday.
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