Morning Review 4/3/2011

Not much to say today. The Dow Industrial had a great up day, almost 1.6%. Broad market was strong with the Russell 2000 up over 2% and Dow Transport up almost 2.5%.

The Dow Industrial also broke back above the 13-Day Moving Average. Also of importance - the Directional Movement Indicator Histogram broke back above Zero.

London +1.52%, Germany 0.62%, France 0.66%.

Gold in Oz Dollars was down almost 1% - which is positive for our general market.

Our Dollar was actually down a little last night, -0.26%. That might put a little dampener on our market and the rise here today might not be as strong as some expect.

Let's see now if the American market carries it up tonight.

Good luck

Red