I must admit when I went to sleep last night that I thought you’d see a little more follow through in the SPU/BOND spread into today ( More weakness in the stocks and strength in the 30 Yr.). The Spu seems to need prints over 1295-97 to probe higher.

Oil….is in a buy on dips against 104.00 (K) until that level is given.

Be patient and use your short term maps for guidance today. Again, I am not looking for much in the way of a sell off in the stocks. Just a little wiggle down,which presently,isn’t materializing. The bulk of the sell off in stocks should be over when the 30 Yr. prints around 122.20 ish. Those of you who are playing this swing should be taking most of the spread off based on the bond prices.