Yesterday’s close had us tightening up our overall risk in our portfolio. Sometimes it’s just better to clean house and remain with what’s working the best. We trade to make money not to be right! I know everyone is chomping at the bit to do something,however the better trades will manifest themselves closer to qtr’s end.

Many of you tried buying the Aussie yesterday. They just didn’t want to make that trade easy this qtr. 103.25 cash becomes the upside pivot for the next week or so. Sustained price action above and we’re likely to see more Risk On worldwide.

We live in a technical trading world, Not a fundamental trading environment. Keep your head in your charts, they will keep you safe!

Model Trading Portfolio…Current Holdings

Long TBT

Short 30 Yr. Bond Futures

Long IBM