Market TAO Wed 9-24-09

Overnight ES traded in a tight range but after a positive jobs report we are trading above yesterday US market close.

The Past two swing trade setups were no great winners and with the bullishness in the market lately , i am a bit skeptical of this one . We will see how the AM session unfolds. I would rather be buying the dips.

The Asia and European markets have shown weakness and oil is down as well.
US dollar is flat

The Bond market is looking like it wants to break to the up side today. I'll be watching the TLT at the top of an Asymmetrical Triangle.