Late a.m., the trading community will be watching for signs from Greece. The afternoon should provide even more entertainment than the early a.m. with the Fed minutes.

Today is also Bond Futures expiration. The Expiration takes place at noon CDT.

Any investor that bought the Oil ETF’s or Oil futures should sell 40% of their position and pay for their stop @ the market. Sell another 40% around 95.40 basis front month crude. Then use a break even stop on any residual positions. We are treating this as a short term trade, not a buy and hold!

MODEL TRADING PORTFOLIO…CURRENT HOLDINGS

LONG TERM HORIZON….

Long GLD,SLV,

SHORT/MEDIUM TERM HORIZON

Long SDS ?…21.85 Stop.

We have paid for all these trades.