The most interesting feature on the board this a.m. is the AUD/CAD.

97.30 ish is the level we are monitoring off a qtrly look, a good violation of

this area would lead to a test of 96.

EUR/CHF …124 should remain on your alerts…this is a big red flag area for Euro shorts. Mind your crosses.

30 Yr. Bonds…we’re singing the same song…a close above 122.10 ish will lead to more upside.

A close below 119.05 ish ( now currently a double bottom on the longer time frame charts) and

higher yields here we come. We are currently at a 40% short position here (long TBT). Since our average out

is around 120 we give up very little to be cautious.

Let the day unfold.