Commentary and Trade Wrapup 20080616

09:30 Toni: market is opening into support
09:31 Toni: mid-range level though so not so sure its going to hold well
09:36 Toni: futures hit first resistance
09:41 Toni: 2nd resistance in the futs hitting

09:55 Toni: DBA up strongly today
09:55 Toni: they are talking about near 100% crop loss in iowa
09:56 Toni: yesterday 83 of the 99 counties were declared disaster zones
09:57 Toni: well declared earlier but that was the latest number i have heard

09:53 norancho: CQB having a bad banana day
09:58 Toni: FDP in play with CQB
09:58 Toni: CQB actually showing support here

10:10 Toni: NQ hs 5 min short setup forming (no trigger)

10:16 Toni: financials fnally showing some real strength the past two trading days

10:18 Toni: NQ held support and is now back to testing the day's highs
10:18 Toni: premarket

10:59 Toni: market resistance in here

13:15 Toni: POT base at highs