In two years, this is a first for me…I’ve placed yesterday’s comments below.

The levels have not changed.

The game is still day trading the spread “Long Spu’s /Short 30 Yr. Bond”, while matching up your levels in the currencies for confirmation.

We are not taking on any risk going into Month end tomorrow.

The technical trade continues.

SPU…The big zone on top is 1197.50-1206.50. Expect price rejection the first time up. Bears…this is a good spot to try a short with limited risk. ( sell them before you buy them at this area)

Aussie…100.50-60 should line up with the aforementioned S&P level.

Euro…133.85 is unchanged on the year.

Gold…The low 1720’s is first resistance with all new closing strength needed over 1735 ish

OIL…This needs to maintain and close above 99.40 ish with new macro stops building over 103.30.

Today should be another time fame trade. Pick your spots, match up your instruments and levels.

Model Trading Portfolio…Current Holdings

No Positions

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.