We’ve just printed the June high in the Spu of 1027.50

All the action is in the grains overnight and this should translate into more follow through in the commodity stocks and commensurate ETF’S.

The usd/cad is basically reached it’s tgt objective just shy of 101 usd/cad ( 99.13 Sept. futures)

I am watching the Canada here for clues to a retrenchment in the equity index before tomorrow.

The Euro is putting in a flag formation for the next move. It will have to show sustained price action 20 points either side of last nights range. Bottom line…I would expect the currencies to be in a holding

pattern until tomorrow a.m.

Silver…For those that are long use a 18.17 stop Good Till Canceled..

Yesterdays low has to hold through tomorrow.