I am not looking for much action early today.

1980 Nasdaq was a big hold that had ramifications across all

asset classes yesterday.

I fully expect the themes to continue into tomorrow…Strong bonds..strong stocks

weak dollar coupled with strong metals..

In ETF land the SMH breaks out on a close over 28…keep on your radar for further asset strength.

Grains…we’re out and will wait for further price action to reevaluate..The beans and corn are

completing a 30% retrace for the entire move. The wheat however is in the midst of a deeper

correction.

The currencies,stock indices and metals are very overbought…..buying strength is not a good idea

at these levels