The only support level of importance today is the gap in the Spu from

1197.30-1206.50 on a pit only Chart. This area will now dictate further

price action. Meaning first time in it will be an area that will provide a buying opportunity

for the Bulls. Do not dispose of this number set. markets always come back to these levels at some

point in time.

Euro…Eur/yen….My bias is to buy the hard breaks in the Euro against selling the Yen.

In particular this cross provides a vehicle for shorter term traders to scalp the Euro with less

risk and more comfort. Today the point & figure support area in the Euro is 140.40-70

TBT…The TBT breaks out to the upside on a weekly close over 35. Some investors have

some very small exposure here. A close over 35 and long term investors should add.

The bottom of the range in the 30 year futures is 129.18.