SPU’s..1171-1166 is a significant level. Generally areas like this are directional ( Bear) traps the first time into the zone. However closing below a level like this is quite Bearish. 1153 is the next Fib level.

There is a very nice channel line that has kept every rally in check from 1258. Yesterdays level was app 1194. Today, that level is app 1183.

Euro…133.85 is last years close

The Aussie acts worse than the Spu’s…remember, this is the same trade as the equities. Risk On=Aussie rallies….Risk Off= Aussie weakness

Oil…95.60 ish is the 200 day mvg avg.

Remember…we live in a world where every trade is the same trade. Pick your instruments, be wary of you’re levels.

There will be no further updates until Monday…

Typically these days are extremely light volume.

Just a general caveat; typically today, when I was a bachelor, I would be hopping on a jet to Aspen for the opening day of Ski season. I would leave with a huge currency winner on and a smile on my face, watching it extend into Macy’s Thanksgiving Day Parade, “Just about the time the bottom dropped out” turning a huge winner into Turkey droppings.

Similar price action over a wide spectrum of instruments would not be unexpected Wed. into Friday.

Having said that, I am turning off my machines and using my antacid for it’s intended purpose, eating not trading! Have a Fat & Happy, Healthy,and Safe Holiday.

JJG…We will use an 81.80 closing stop. We might adjust this to intra-day after the Pit Grains open In Chicago. Stay Tuned…

Model Trading Portfolio…Current Holdings

Long JJG

Our view is that the rest of the year will be a high volatility, highly technical, rumor driven, Time Frame, Lemming Effect Day Trade.
The question is who’s day? Right now it’s Europe’s.

Medium Term View…
We believe the political and economic risks are now heavily skewed to an all cash portfolio. The markets will become a big day trade.

30 Yr. Bonds …I’m treating 147 as the high for a long time. 143.10 now becomes our upside pivot. Closing above this level
will be short term positive the Bonds and negative the equities.