Full Moon Trading….

The operative question is “was yesterdays highs in the stocks,euro,silver,gold

Yen futures,Aussie and Canada it for a while? Will it turn into something

more than just a pressure release break from an overbought condition?

It’s too early in the a.m. to have a definitive answer. My Crystal ball is still sitting

beneath it’s shroud.

Some traders took their contra trend shots yesterday while others will be buying the hard breaks

in everything today looking for value and a continuation of the trend.

Canada….103.80 close usd/cad ( 96.18 ish in the Dec. futures)

a close above this level in usd/cad ( below in the futures) is the first good sign that

a short term high is in for the U.S. equities.

The only order I have working is to buy the JJG…..In an abundance of caution I’d like to move those

orders down from the 43.80 level to 43.45 so I can watch the price action for the first hour of Chicago Grain

pit trading.

In short, today will be a technical day of trading with opportunity from both sides of the market.

Top pickers will sell the first rally today in the equities.