EUR/GBP…This cross looks to be headed for 82.

Dollar Index….80.43 is the Oct. high .By maintaining prices over 79.27, this looks to be breaking out on a qtrly chart. Meaning a stronger U.S. Dollar.

SPU’s…The March contract still looks like it wants to trade into the 1190’s.

Oil…It was up big yesterday, giving no help whatsoever to the Equity indices. What goes up must come down,”Spinning Wheel” got to go round.

What to do ?. Day trade Your time frames. There is plenty of opportunity. Keep your trailing stops tight!!!

Longer term guys, be happy you’re all cash.

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.