It’s the first day of the month. We are going to pay close attention to the price action around 9 CT to see if directional flows reverse.

Spu/Bonds spread needs to show it’s metal…with the bonds closer to the bottom of the range than the top I am looking for the spread to run out of steam around 9 A.M. CT if it will indeed reverse.

OIL…91.38 will be the closing pivot and will dictate short term price action. A failure from here and Oil could retrace back toward 90.

Silver keeps rejecting 28.40.

Aussie…This currency just put in a double top at the 100.75-80. We are selling a small position in the Aussie with a 35 point stop at the market. The stop is just above 101.10 cash. This currency also needs to close back below 100.20 for this to be a good trade.