There is a huge end game setting up for the end of the qtr. ( Thursday’s close). Last night’s lows in the equity indices are key levels to watch if the indices are to hold.

We will be in wait and see mode for the next couple of days.

A close under 1249 in SEP S&P ,2192 ( Sep), Nasd would signal the start of a more serious down. The big game is not until month end (THURSDAY). The following are a few instruments with similar patterns unfolding: PAAS (30.66), Cat (92.30), DE (81.80), BTU (57.44),USD/CAD (100.60),SLW (28.85),GDXJ (32.51), FXI ( 40.80), EEM (44.25),EWZ ( 70.10). Closing under these levels are outside reversal patterns to the downside. Price negative patterns. While XOM, CVX have qtrly double tops.

MODEL TRADING PORTFOLIO…CURRENT HOLDINGS

We Have no positions at this time.