1095.70 was Fridays outside reversal level..the

The past few Mondays have not proved to be happy days for the longs

so keep your parameters very tight. The next 20 points up should prove to be difficult.

A close Friday above 1027.50 is needed for a full on bullish confirmation putting in an

outside reversal month to the upside.

In currency land the Pounds are yen are once again attracting a safe haven trade.

155.60-70 should prove a tough level in the GBP/Usd the first time up.

I still think Usd/JPY can show you the low 83 level which would be a mandatory exit from

Yen longs and a great place for a contra-trend trade, app 120.50 ish in the futures.

Gold is hanging on by a thread…Keep your stops close. A close below 1075 would be a breakdown

on the monthly channel line going back to 2008.

I do not think much will happen before New York opens this a.m. and early directional

tone should manifest itself by 9 a.m. CST.

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