It will be a day traders kind of day.

Price action below 1314 on the Spu P&F shows a little more weakness in the Index. Price action over 1320… the P&F’s show more strength. All the action is in the individual names.

The Spu should be monitored for price action vis a vis 30 year bonds. I’m still looking for a wiggle back toward the 119 handle over the next couple of days. The Spu/Bond spread will run the show again today.

The Grains are in a technical re-trace mode.

Euro is still buoyant on the crosses against the Swiss, Yen and Pound.