Over the past two days with the profit taking that has ensued in the

metals, softs and oil has not translated into much of a correction in the the Spu/Bond spread.

The operative question this a.m., is this another episode of the mid-week shuffle?,

will the trends remain intact?

Parity in the Aussie cash would seem to be a good place to focus our attention

for clues to further price action. A close below would lead us to think we’ve seen the highs

in the stocks for a while.

The trailing stops for the remainder of your financials and soxx will be a Spu close

lower on the year ( below 1253 march futures)

Keep your TBT stops basis (122.10 March 30 year futures  Stop close)

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