Day Summary

Markets rallied on missing volume probably because of long weekend ahead. It was an options expiration day which generally has a bullish bias. We are still holding lows and todays move is encouraging, we may go higher from here next week. Still holding my long Q's position. All commodities and currencies weakened further today on huge up move in US Dollar today. The trend is down in dollar and up in commodities but this weeks selling in commodities has done so much damage that it will take a while before they can stand on their feet and start running again. Most probably they will start consolidating at these lower levels for next few weeks before they can start their advances or who knows we might have seen a top in them, we will see.