The main feature this A.M. is the strength of the Long end of the U.S. curve,

matching the strength in Gold and Silver.

Silver is leading on the spreads in the precious metals complex which is a bullish indicator.

The metals will be the feature today as investors want protection going into a long weekend.

While I remain Bullish the equities, Long only guys should take a look at buying some

VIX futures or UVXY on the close today.

Portfolio insurance is getting cheap again, let them crush it into the close and then decide whether you want some insurance.

VIX...daily

VIX...weekly

I have the EUO long which is not working. Euro has room to rally a 100 points from here currently trading 20 ticks higher on the week.