Bonds30 yr. Bonds…132.15 -18 is the support zone.Bund…by holding above 140 this has the potential for another 200 hundred points

FX…

Euro…133.60-70 is support

The momentum stocks like FB, IBB,LNG,YHOO,NFLX,PCLN et al continue to be the place to trade. Regardless of the rest of the board these look to be the recipients of positive flows going into Monday’s close.

Washington politicians are being themselves which makes trading decisions tough.

It will be easier to trade individual names than the Indices.

The usual show makes me reticent to do anything but pick at a few individual names for a trade. The 30 yr. needs another close over 133.15 to get some upside momentum going.

Spu/Bond spread is parked right on the 50 day mvg avg which puts me in the wait and see mode.

DAX/BUND…can stop in here with the Spu/Bonds, however the Long Bund side of the spread looks to lead with a Risk Off board. There is plenty of room for upside in the Bund.

I’d like to buy the Aussie again but we’ll have to put this on the back burner until

the crosses EUR/AUD & AUD/JPY give me a technical match with AUD/USD.

Next week we’ll be compiling our medium term qtrly update.

We’re in a game of picking the next low for an attempt back to the highs in the U.S. Equity Indices. Right now individual stocks look to be an easier read based off their own technical s.

There will be a lot of jockeying and position marking from today into Monday’s close.