Just a note..The June currency futures expire Monday @ 9:15 a.m. Central Time. Equity index futures ( S&P…NASD 100…Midcap 400…Russell) expire Thursday @ 3:15 p.m. Central. June Bonds and July Oil expire the following Tuesday 6/21. You have noticed that I have been still referring to the June contract. That’s because I am a big fan of continuation Charts and FRONT MONTH RULES. All investors or traders should now be trading the September contracts. That’s where the liquidity is.

Let the day unfold…yesterday we saw the OIL,Midcap,Russell,S&P all test their higher extremes ( #’s that had to see all new strength over to continue to rally) at days end. We rejected those levels in the last 15 minutes of trading before NYC closed. That is why we chose to stay short the equity indices.

Euro..144.50 is dead center of the recent range.

We need a close in the JJG over 55.26 to add today. This would put in an outside reversal week to the upside.

Current Holdings

Long GLD,SLV,JJG….

Short S&P 500 Futures or Long SDS

Long Paas

Long Corn via the ETF

Long TBT

Long REE

Liquidated long Euro yesterday