Bonds…The bonds have telegraphed and led the moves in the currencies..

Higher Yields = Higher Dollar… yesterday we alerted you to the significance of the Bond

futures low and to take some money off the table..Money is good! When a move is this swift

and big, it’s time to do the tighten up! Dollars at risk off the table.

The Euro, Usd/Jpy, and Aussie will have difficulty following through to the downside from

here….Same with the Bonds…Do Not sell weakness in here…

Spu…The closing ball game is right in this level 1185-1188….A close below and you should be at 100%

position in the SDS. This level should be your focus today. Price action around it

will dictate short term movement in the currencies and Bonds.

I will write some stops for the shorts in the Euro, Yen, Aussie  shortly