Another big day trading day is setting up. Buy the breaks & Sell the rallies.

Two notes of interest this A.M.:

The Singapore Dollar, which has been the strongest and most stable currency in the World, has also given up some gains and is approaching the 200 day mvg. avg. @ app 125 USD/SGD. As stated yesterday, we believe this Dollar rally is long in the tooth and needs a breather.

Gold…Will it hold or won’t it? Presently, it needs all new sustained price action above or below last night’s range for directional confirmation.

Model Trading Portfolio…Current Holdings

Long TBT

Short 30 Yr. Bond Futures