We’re seeing the running of the lemmings with some prolific bottom fishing in the usual big Cap names. FCX looks to be leading the pack.

The big question ” Is this just another rally to nowhere from a very over sold condition?”

In the meantime it’s still a monumentally big Day Trade. Trade your technical levels.

EUR/CHF…The SNB is trying to make their presence known again. As long as this cross maintains above 121.57 selling the Euro will be a tough go. Be very mindful of your time frames and macro levels before you just step out on the short side with a naked trade.

The Euro has been mirroring the movements of the S&P 500 Futures. Risk management is key.

Here as well, we’ll see if this is more bluster or a sustained move toward 125 will develop. Tomorrow will be very telling.