Yesterday had us go to a Risk On footing with a suggested Long portfolio.

The low appears to have been put in Interest rates in Europe as well as the U.S. We are treating the Bunds and the U.S. 30 Yr. Bonds as having topped.

Metals have blown off to the downside and have now returned to reality. We’ll have to wait this out a bit to let the market settle down. Chasing direction in the metals is dangerous to your bottom line. Buying strength is not a good idea.

Model trading Portfolio…Current Holding

Suggested Holdings…

DE…John Deere…The stop is 65.90

BTU…Peabody Energy the stop is 35.40

BP… 35 stop

CVX..88 stop

3M…the stop is today’s low…it has to close back over the 200 day 76.40 to get a head of steam.

JJG.. looks ok with a 45.75 stop

DIG… the stop is 32