The markets. in general, will be a big trading affair again today.

I am very reticent to chase direction early.

The Spu and the Dax are knocking at their highs and double top patterns

In currency land the Aussie has put in a double top at the 100.15 level….price action above will give you

another 200 points..

The Euro res is 140.10 ish..

Usd/Jpy….Yen weakness is mainly attributed to cross trading against the Aussie and Euro.

Usd/Jpy needs a weekly close over 82 where all the Dollar buy stops are situated.

It’s not so much that the Yen is weak but the other currencies are strong today.

Oil is on my radar for today. Dr. Nenner has a short term high projected for today. This is a day

to look for short term opportunities in the oil patch vs. a longer term trend trade.

The markets should provide excellent day trading opportunities….be patient.