Bonds..They act like whale duty floating at the bottom of the Ocean.

Until they close higher on the year stay the course. We’ve had enough positive scalps here

that we’ll close our eyes and let the market take us out. I am very surprised that with yesterdays

equity sell off they could not get anything going on the upside.

Spu…Pay attention to the price action today. Lower lows should not be pressed!

Gold/Silver… short term traders should be in the sell rally mode. Yesterdays highs should be used for the highs to trade against. Macro stops in the Silver are just below 28.

Euro…I will use a stop over yesterdays high. This one is strong on all the crosses. EUR/CHF,EUR/JPY, and

in particular EUR/GOLD-EUR/SILVER. This might take another day.

Aussie…It has not closed above the upside pivot of 100.15-20. Aussie shorts have to monitor this level.

Oil is breaking down..

We are presently long dollars ( short Yen via Long YCS, short Euro,and short 30 year Bonds (long TBT).

Many clients are short the Aussie.