The stocks continue to grind higher with little or no trade to the

indices. This price action is very reminiscent of how the nasd traded

just before the bottom fell out in 2000, however we’ll be waiting for higher

prices before we start any portfolio hedging.

Be patient and look for opportunities in instruments that have price movement.

Euro….130.80 is a fib level match and the bottom of the current range..

The next big macro level is 129.70 ish…

Aussie….100.15-20 cash will now dictate short term price action.

The Canada crosses have been a very good barometer for stock strength.

Long Canada/short everything else