I am getting that risk on feeling..Let’s keep it simple today..

Sep SPU holding above 1270 is positive…closing above 1274 and we’re doing the retraces back up. Nasd the #’s are 2200 for positive and a close above 2216, we go higher. So 1270 (SPU) and 2200 (NASD) will be pivotal all day.

Typically there is a lot of back and forth range trading after expiration going into qtr’s end. Pay attention to your technicals and don’t get too one sided.

Oil…It has just completed all it has to do on this swing down by trading into the mid 92’s. You’ve heard me state I was looking for 89 as the area I would like to buy, however if the stocks hold, it’s doubtful you’ll see it on this swing. So the early a.m. low is good for now. Not a place to initiate shorts.

Cubs vs Yankees at Wrigley today….By 11:00 a.m. the Chicago arcades will be empty! I.E. very low liquidity.

MODEL TRADING PORTFOLIO…CURRENT HOLDINGS

LONG TERM HORIZON….

Long GLD,SLV,

SHORT/MEDIUM TERM HORIZON

SDS ? Leave Stop @ 21.85 if not out.

We have paid for all these trades.