Closes needed for outside reversal days..

FXI…45.51 China

EEM…46.54 Basket of Emerging markets

Ewh…18.97 Hong Kong

EWZ…80.06 Brazil

Ewa.. 24.69 Australia

Nasd 100 futures 2042

Euro…139.50

Aussie…98.91

Usd/Jpy..81.90

Profit taking abounds….Long term investors should take their money off the

table if you get closes below these levels…Now is the time to protect your money.

if you get these breakdowns you will get much better levels to play at again..

The only new exposure to consider is long the UUP..This is a long dollar trade..

If you wish to lead off on this trade go ahead however it would be nice to see a breakdown

in the Aussie for confirmation. Wait until late in the day to decide. No breakdown…No trade!

The Aussie was the precursor to the stock market rally from the 1037 level in the Spu..

Put this on your radar today!