The big game in town this week continues to be the shorting of the Euro against the metals and the commodity currencies. Day traders should pay particular attention to this SPREAD as legs get lifted at technical levels.(the metals being closed out at short term resistance levels the first time up which we just hit in the Gold and Silver) or the Euro shorts being closed out on significant weakness. Presently the Euro is caught in a range range between 142.60 and 144.25 ish. It needs price action above or below for a fresh move.

The 30 year Bond is at a big closing hold level area. Attention should be paid as to how this will effect the S&P. (Long stocks/short bonds)