The Yen weakness is leading the Greenback higher across the board. I have been looking for this turn in the dollar off the qtrly close. 115.71 is the qtrly # for EUR/JPY to close above. Euro has been putting in lower highs for the past few days and is now looking like it too can start moving. Again, keep your eyes on the Yen crosses to see which currency leads.

Oil broke down on my work with a close yesterday under 104 (K). The first full swing off the last high should take it to the 101.50 level.

We’re also looking for a good sell off in the Gold & Silver. As mentioned last week we believe this will be in tandem with Dollar strength.

Markets have certain natural rhythms of Capital flows. Looking for turns at the end of a Quarter is one of those high probability times.