Oil…we were stopped out on our remaining longs @ 93.20.

Sometimes I can be a little tight on the stops, however we still captured
an avg. 90 cent gain on the other half of the position.

It’s caught between 93-95 on the upside. We’re still friendly to buying the hard breaks
as long as it maintains above 93.

SPU/BONDS…we are at a Long 25% weighting in the Equities via the SSO
we are Short a 25% weighting in the 30 Yr. Bond Futures.

Currently we have close to a 30 point S&P cushion and almost 2 full points in the Bonds.

We’re going to let this ride for a while utilizing our trailing stops for money management, particularly since the FX boys really seem to want to take a lookat what orders are resting @ 100 USD/JPY.