FCX & AA are gaping higher this A.M.

Do not chase this strength early in these names, rather I’d look for some back and fill.

Spu’s & Nasd 100 look to open @ or over yesterday’s high.

If this does indeed happen pay attention to the N.Y. opening to sell if we get

a back and fill to yesterday’s high before it continues.

30 Yr. Bonds…150.00 will be problematic for Bond bears.

it has the potential to be another short term bear trap.

It simply means that it is a level to not sell into for it’s a big enough level

in the 30 Yr. to stop an Equity Index rally (Initially flip the spreads) as new longs get trapped at a new high.

MMP..Magellan Midstream Partners is up 1.70 this A.M. making it around 5% this week. I haven’t had time to look under the hood on this. The Monthly has room

for a good move. Put this on buy ion a break list.

It’s Wednesday, What we do not do on a Wednesday is get caught up being mega long or adding to Longs on the close today.

I’m looking for up into the close with the usual time-frame wiggles.