The early trade in Equities will be run by the U.S. banks which all fared well

in the FED stress tests.

Many are announcing share buybacks which led to the pop in U.S. futures after

the Pit close yesterday.The U.S. Insurers should also fare well.

Gold remains range bound with 1308 being the hold level for sell offs.

I thought you could see the 30 yr. trade into the 169.00 handle, but looking at the

Spu/Bond spread last nights low is as good as any.

Given the range in the Spu’s last night I’d look for a 2 way trade today with the rallies running out of steam at the stated resistance levels.