A.M. Look 2/3/11

Spu is now showing a double top on the point & figure all sessions chart @ 1306. 1283.50-1290 will be support and a bear trap the first time down.

30 Yr. Bonds….unfortunately we have no position, however macro stops remain under 119.08-119.00, the bottom of the range. Those of you day traders selling into this area keep a very tight stop. A flush of the stops can tgt. the 117 handle. We are leaving the Bonds alone for now.

We still have long exposure in the XLF Financials and Gold. Our REE ( Rare Earths) resting sell order was filled late yesterday.

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