Stocks..

Spu’s…have to maintain above 1617.50 to see some profit taking.

Bonds…

30 Yr….need to squeeze up another half a point to start seeing further
short covering before tomorrow

FX…

USD/JPY…as long as this stays under 99.30 (over 100.70 Futures) this can move towards 98.20 ( app 101.85)

EUR/AUD…after a 5 figure 2 day rally this is in re-trace mode from the 139 level.

Commodities…

Oil…is stuck in a one dollar range. This needs to maintain above 94.90 for another wiggle up.

General Comments or Valuable Insight

The AUD/USD has been telegraphing much of the price movement across asset classes.
Watch for the Aussie going positive on the day for this will be a sign that directional
players will take their chips off the table and wait for tomorrow.

You should be in “I don’t want to lose money mode”

Current Positions
Entry           Stop           Targets

No Current Holdings 

Note…we always write a stop with any instrument we‘re interested in. As the instruments become profitable those stops should be raised to your entry level so you don’t lose money.

Short Term View…

Use the Chicago openings to help guide your trading.
It’s a new month and a new game.