The closing levels to watch today for more equity follow through are

1118 in the spu

1911 in the Nasd

These levels should prove difficult to breach early, however closes

over these levels will lead to more upside in the indices

I am paying particular attention to AAPl and GOOG today. Price action for AAPL

over 261 and Goog over 291 can lead to more strength in the indexes.

The euro and Pounds have reached some short term upside levels of resistance.

These should be monitored vis a vis the gold for spread activity.

The pattern has been buy gold and sell these currencies. Since the end of the qtr this pattern has reversed.

Grains remain firm and I would expect them to remain so into the end of the week which is month end.

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