Some of the futures traders were taken out of their short S&P500 futures positions early last night. ETF traders should leave there stops in place. 1346.25 S&P 500 Futures is going to be a key level to close over for more upside in equities.

You’ll note that there was little reaction in the metals last night. This is a function of a strong Euro on the Swiss and Yen crosses. It’s a spread and one side takes turns leading, right now that’s the Euro. EUR/JPY..EUR/CHF.

It’s the last trading day of the month. Markets and prices tend to be manipulated or priced into the closes. We will let the day unfold to see if there is anything we wish to get involved with.

Current Holdings

Long Gold & Silver Via the GLD & SLV ETF’s Long JJG, Short S&P 500 Futures form 1326…the same spot we lifted our shorts from our original sells @ 1363. We will not have a short stock position by the end of the day.