A few charts to peruse on a relatively quiet day...

"Today is Quadruple Witching Day, the last trade day for March index futures and options and equity options. Historically, volume has increased on Quadruple Witching Day as investors unwind March derivative contracts and roll out to future months. Compounding the cross currents is a rebalancing of Standard & Poor’s equity indices. In Canada, twelve stocks will be removed from the TSX Composite Index at the close today and six stocks will be added to the Index on Monday morning."

Regards - VHF

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The U.S. Dollar has a deteriorating technical profile. A peak was reached three weeks ago at 89.62. Short term momentum indicators have rolled over from an overbought level and currently are trending down. On Wednesday, the U.S. Dollar plunged 3.0%, the largest one day decline in over a decade. First downside technical target is to its 200 day moving average currently at 80.75.

Weakness in the U.S. Dollar is far from over. The Dollar historically reaches its seasonal peak early in April. Seasonal influences started earlier than usual this year. Additional weakness in the U.S. Dollar will prompt buying of commodities and other selected investments.

Crude oil broke above resistance at $50.47 and completed a base building pattern. Intermediate technical target is $66. ‘Tis the season for rising crude oil prices!

Copper closed above $1.80 U.S. per lb. and continued an intermediate uptrend. ‘Tis the season for copper and base metal stocks to move higher!

Precious metals also moved sharply higher. Nice breakout by the Platinum ETF on higher than average volume! ‘Tis the season for Platinum to move higher!