Monty Hall here. Pick your doors wisely today.

EUR/JPY…..113.90 is a big closing area in this cross matching

EUR/CHF…..129.50….Only sustained price action above these levels will lead to more

short term Euro strength.

Silver, Gold, and Oil all went up to significant short term resistance levels after NYC Close Yesterday.

Oil…follow the Spu.

The game is still Spu/Bonds….Capital Flow 101: a failure to put the stocks away today

and this spread will in all likelihood keep moving in this direction into next Tuesday A.M.

With the 30 yr.,trading once again toward the lower end of the 3 point range, you always have

the possibility of a risk reversal. This is not a high probability course of action until after the end of the

month when flows are more likely to change direction. You’d need a close today under 1286 (Spu) to think

you’ve seen an end to this flow.