Long Spu/Short Bonds is once again going to be the flavor of the day…

I am still looking to sell the big multi point rallies in the 30 yr. via the long TBT
trade at the major fib levels. These levels have yet to be achieved and may not.
129.29-131 30 yr. Dec Futures
That is why we have kept a core long position on in the TBT and have been harping on
everyone to sell the big rallies.

Dream trade of the day….sell the Bonds and buy the TBT if the Spu trades 1165.
with a tight stop.

Currency land..
The Aussie is caught between 97.20 on the downside and 98.35 on top.

Eur/Yen broke down yesterday below 113 as evidenced by the 400 point drop in the Euro
without any significant rally ( at least 80 points). Euro bears pick your spots wisely, this one is getting
oversold short term. Bears can Bite!

Aud/Yen…81.12 is the weekly closing # I am monitoring to telegraph a potential short term low
in stock indices.

Everyone in Chicago will be running for the exits by 11 CST.
This includes the author!
Markets will get very thin!!!!!
We wish everyone a great Holiday!