Sometimes the best course of action is to watch. Our Bond trade is working, the stocks are a brutally hard trade with the Nasd continually failing at the 2350 level.In general all the commodities are very pricey. The one point of interest is the Brazilian Real, 155.60 USD/BRL “This is the Aug 2008 High in the Real ( usd low).” The condition of this currency ( extremely overbought) has me watching to see if there can be a reversal in trend ( a weakening against the Dollar) leading to some profit taking across the entire softs complex.